RBF Capital LLC Sells 73,000 Shares of Ferroglobe PLC (NASDAQ:GSM)

RBF Capital LLC decreased its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 887,352 shares of the basic materials company's stock after selling 73,000 shares during the quarter. RBF Capital LLC owned approximately 0.47% of Ferroglobe worth $3,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp grew its holdings in Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after purchasing an additional 2,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ferroglobe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock worth $857,000 after buying an additional 2,760 shares during the period. New York State Common Retirement Fund grew its stake in Ferroglobe by 48.9% in the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock valued at $84,000 after buying an additional 7,271 shares during the last quarter. Qtron Investments LLC raised its holdings in Ferroglobe by 49.7% in the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock worth $85,000 after acquiring an additional 7,396 shares during the period. Finally, XTX Topco Ltd lifted its position in Ferroglobe by 23.0% during the 4th quarter. XTX Topco Ltd now owns 39,653 shares of the basic materials company's stock worth $151,000 after acquiring an additional 7,427 shares during the last quarter. Institutional investors own 89.64% of the company's stock.

Ferroglobe Price Performance

Shares of Ferroglobe stock opened at $3.63 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The company has a market cap of $682.02 million, a PE ratio of 181.50 and a beta of 1.58. The firm has a fifty day moving average price of $3.63 and a two-hundred day moving average price of $3.97. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.19.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released 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. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The business had revenue of $367.51 million during the quarter, compared to analysts' expectations of $393.00 million. Analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe's dividend payout ratio is presently 250.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GSM shares. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a research report 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.

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