Russell Investments Group Ltd. Acquires 359,807 Shares of Ferroglobe PLC (NASDAQ:GSM)

Russell Investments Group Ltd. increased its stake in Ferroglobe PLC (NASDAQ:GSM - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,193,272 shares of the basic materials company's stock after acquiring an additional 359,807 shares during the period. Russell Investments Group Ltd. owned about 0.64% of Ferroglobe worth $4,534,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in Ferroglobe in the fourth quarter worth about $37,000. Raymond James Financial Inc. purchased a new stake in Ferroglobe in the fourth quarter worth $42,000. LPL Financial LLC bought a new position in Ferroglobe in the fourth quarter worth $42,000. Barclays PLC purchased a new position in Ferroglobe during the third quarter valued at $44,000. Finally, RPO LLC bought a new stake in shares of Ferroglobe during the 4th quarter valued at $53,000. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Stock Performance

Shares of GSM stock traded down $0.01 during trading hours on Friday, reaching $3.44. The company had a trading volume of 905,038 shares, compared to its average volume of 1,177,200. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. Ferroglobe PLC has a one year low of $2.97 and a one year high of $6.19. The firm has a market cap of $646.32 million, a PE ratio of 172.00 and a beta of 1.58. The business has a fifty day moving average price of $3.65 and a 200-day moving average price of $3.99.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $367.51 million for 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%. Sell-side analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.63%. 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 250.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com cut Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note 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.