Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Old West Investment Management LLC

Old West Investment Management LLC trimmed its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,165,307 shares of the basic materials company's stock after selling 743,194 shares during the period. Ferroglobe comprises 3.3% of Old West Investment Management LLC's investment portfolio, making the stock its 13th biggest holding. Old West Investment Management LLC owned approximately 1.15% of Ferroglobe worth $8,228,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Barclays PLC acquired a new position in shares of Ferroglobe in the third quarter worth $44,000. State Street Corp boosted its stake in shares of Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after purchasing an additional 2,615 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after buying an additional 159,845 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Ferroglobe by 1,180.4% in the third quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company's stock valued at $1,854,000 after buying an additional 368,300 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Ferroglobe by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company's stock valued at $7,717,000 after buying an additional 197,317 shares during the period. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Trading Down 1.7 %

NASDAQ:GSM traded down $0.06 on Thursday, hitting $3.28. 655,924 shares of the stock were exchanged, compared to its average volume of 1,205,637. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.19. The stock has a fifty day moving average of $3.73 and a 200-day moving average of $4.04. 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 stock has a market cap of $615.32 million, a PE ratio of 162.75 and a beta of 1.58.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. As a group, equities analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The company also recently disclosed 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 was Thursday, March 20th. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.71%. Ferroglobe's dividend payout ratio (DPR) is 250.00%.

Analyst Ratings Changes

Several brokerages have weighed in on GSM. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. StockNews.com lowered Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Ferroglobe Company 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.