O Shaughnessy Asset Management LLC Cuts Stock Position in Ferroglobe PLC (NASDAQ:GSM)

O Shaughnessy Asset Management LLC reduced its position in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 74.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,358 shares of the basic materials company's stock after selling 221,560 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Ferroglobe were worth $294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Ferroglobe by 78.1% in the third quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company's stock valued at $131,000 after acquiring an additional 12,326 shares in the last quarter. State Street Corp grew its position in shares of Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after buying an additional 2,615 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Ferroglobe during the third quarter worth approximately $150,000. Orion Portfolio Solutions LLC acquired a new stake in Ferroglobe in the third quarter valued at approximately $99,000. Finally, Barclays PLC purchased a new position in Ferroglobe in the third quarter worth approximately $44,000. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Stock Up 0.6 %

Shares of NASDAQ GSM traded up $0.02 during mid-day trading on Tuesday, reaching $3.38. The company had a trading volume of 978,624 shares, compared to its average volume of 1,173,335. Ferroglobe PLC has a 52-week low of $2.97 and a 52-week high of $6.19. The stock has a market cap of $635.05 million, a P/E ratio of 169.00 and a beta of 1.58. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $4.02.

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Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. Sell-side analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.06 dividend on an annualized basis and a yield of 1.66%. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

GSM has been the topic of a number of analyst reports. StockNews.com lowered shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

Ferroglobe Profile

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.