Renaissance Technologies LLC reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,517,538 shares of the basic materials company's stock after selling 406,700 shares during the quarter. Renaissance Technologies LLC owned 1.87% of Ferroglobe worth $13,367,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hosking Partners LLP lifted its stake in Ferroglobe by 1.8% in the 4th quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after purchasing an additional 159,845 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Ferroglobe by 852.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock valued at $22,614,000 after acquiring an additional 5,326,051 shares during the period. Royce & Associates LP boosted its stake in shares of Ferroglobe by 24.2% in the fourth quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company's stock worth $12,874,000 after buying an additional 660,980 shares during the last quarter. First Eagle Investment Management LLC grew its position in 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. Finally, Russell Investments Group Ltd. lifted its position in shares of Ferroglobe by 43.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,193,272 shares of the basic materials company's stock valued at $4,534,000 after buying an additional 359,807 shares in the last quarter. 89.64% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
GSM has been the subject of a number of recent research reports. StockNews.com downgraded shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn downgraded shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.
View Our Latest Research Report on Ferroglobe
Ferroglobe Stock Down 0.3 %
NASDAQ:GSM traded down $0.01 during midday trading on Friday, hitting $3.44. 905,038 shares of the company were exchanged, compared to its average volume of 1,177,200. The company has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $3.99. The company has a market capitalization of $646.32 million, a PE ratio of 172.00 and a beta of 1.58. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.19. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.
Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm 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%. As a group, equities analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.
Ferroglobe Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio is 250.00%.
Ferroglobe Profile
(
Free Report)
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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