River Global Investors LLP Acquires New Shares in Ferroglobe PLC (NASDAQ:GSM)

River Global Investors LLP acquired a new position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 632,879 shares of the basic materials company's stock, valued at approximately $2,408,000. River Global Investors LLP owned 0.34% of Ferroglobe at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Ferroglobe during the 4th quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new stake in shares of Ferroglobe in the fourth quarter valued at about $42,000. Barclays PLC purchased a new stake in shares of Ferroglobe during the third quarter worth about $44,000. New York State Common Retirement Fund raised its position in shares of Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock worth $84,000 after purchasing an additional 7,271 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Ferroglobe in the 4th quarter valued at about $96,000. Hedge funds and other institutional investors own 89.64% of the company's stock.

Ferroglobe Price Performance

GSM traded up $0.03 on Wednesday, reaching $3.91. 1,068,574 shares of the company's stock were exchanged, compared to its average volume of 914,556. The stock has a market cap of $734.63 million, a PE ratio of 195.50 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. Ferroglobe PLC has a twelve month low of $3.23 and a twelve month high of $6.19. The stock's fifty day moving average price is $3.86 and its 200-day moving average price is $4.14.

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

Ferroglobe Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 20th will be given a dividend of $0.014 per share. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, March 20th. Ferroglobe's dividend payout ratio (DPR) is presently 250.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Seaport Res Ptn cut 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 report on Friday, February 21st.

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.