625,000 Shares in Ferroglobe PLC (NASDAQ:GSM) Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. purchased a new position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 625,000 shares of the basic materials company's stock, valued at approximately $2,900,000. Donald Smith & CO. Inc. owned about 0.33% of Ferroglobe as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GSM. Covestor Ltd boosted its stake in shares of Ferroglobe by 266.1% in the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 3,864 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ferroglobe in the first quarter valued at $53,000. Legacy Capital Group California Inc. bought a new stake in Ferroglobe during the 2nd quarter worth approximately $60,000. Hood River Capital Management LLC bought a new stake in Ferroglobe in the 1st quarter worth about $73,000. Finally, Banco Santander S.A. purchased a new stake in shares of Ferroglobe during the 2nd quarter valued at $80,000. Institutional investors own 89.64% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Ferroglobe from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th.

Ferroglobe Stock Performance

Shares of Ferroglobe stock traded down $0.06 on Wednesday, hitting $4.22. 795,356 shares of the company's stock were exchanged, compared to its average volume of 1,356,536. The stock has a market capitalization of $790.97 million, a PE ratio of 12.59 and a beta of 1.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63. The company has a 50-day simple moving average of $4.38 and a 200-day simple moving average of $5.05. Ferroglobe PLC has a 1 year low of $4.07 and a 1 year high of $6.78.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. The firm had revenue of $451.05 million during the quarter, compared to analysts' expectations of $425.55 million. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities analysts anticipate that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were paid a dividend of $0.013 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.05 annualized dividend and a yield of 1.23%. Ferroglobe's dividend payout ratio (DPR) is 14.71%.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.