Ferroglobe PLC (NASDAQ:GSM) Shares Bought by Royce & Associates LP

Royce & Associates LP increased its holdings in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,387,958 shares of the basic materials company's stock after acquiring an additional 660,980 shares during the quarter. Royce & Associates LP owned approximately 1.80% of Ferroglobe worth $12,874,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Old West Investment Management LLC grew its holdings in Ferroglobe by 158.0% during the 3rd quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company's stock worth $13,495,000 after acquiring an additional 1,781,024 shares in the last quarter. Barclays PLC acquired a new position in Ferroglobe in the third quarter worth about $44,000. State Street Corp increased its holdings in Ferroglobe by 1.6% in the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock valued at $757,000 after buying an additional 2,615 shares during the last quarter. Hosking Partners LLP raised its stake in Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock valued at $34,216,000 after buying an additional 159,845 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Ferroglobe by 1,180.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company's stock worth $1,854,000 after buying an additional 368,300 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company's stock.

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Ferroglobe Stock Performance

NASDAQ GSM traded down $0.25 during trading hours on Friday, reaching $3.82. The company's stock had a trading volume of 2,317,650 shares, compared to its average volume of 1,182,037. 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 business has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $4.12. Ferroglobe PLC has a 52 week low of $3.23 and a 52 week high of $6.19. The stock has a market cap of $717.72 million, a PE ratio of 191.00 and a beta of 1.89.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Equities research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.014 per share. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.47%. Ferroglobe's payout ratio is 250.00%.

Wall Street Analyst Weigh In

GSM has been the subject of a number of research analyst reports. StockNews.com downgraded Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn cut shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th.

About Ferroglobe

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.