Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,035 shares of the basic materials company's stock after selling 82,922 shares during the period. Ritholtz Wealth Management's holdings in Ferroglobe were worth $129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC purchased a new position in shares of Ferroglobe during the 3rd quarter worth about $44,000. Old West Investment Management LLC grew its stake in shares of Ferroglobe by 158.0% during the third quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock valued at $13,495,000 after buying an additional 1,781,024 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Ferroglobe in the third quarter worth approximately $99,000. XTX Topco Ltd purchased a new position in Ferroglobe during the 3rd quarter valued at $150,000. Finally, State Street Corp grew its position in Ferroglobe by 1.6% in the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after acquiring an additional 2,615 shares during the last quarter. Institutional investors own 89.64% of the company's stock.

Ferroglobe Trading Down 2.0 %

Shares of GSM traded down $0.08 during trading hours on Thursday, reaching $3.96. 565,448 shares of the company traded hands, compared to its average volume of 628,339. The firm has a market cap of $753.48 million, a price-to-earnings ratio of 16.50 and a beta of 1.84. Ferroglobe PLC has a 12-month low of $3.68 and a 12-month high of $6.19. The stock's fifty day moving average price is $4.11 and its 200 day moving average price is $4.46. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.05). The firm had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same period in the previous year, the company posted $0.27 EPS. Sell-side analysts forecast that Ferroglobe PLC will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, December 20th. Ferroglobe's payout ratio is 20.83%.

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.