Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 30.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 553,982 shares of the basic materials company's stock after selling 239,828 shares during the period. Trexquant Investment LP owned about 0.29% of Ferroglobe worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC purchased a new position in shares of Ferroglobe during the 3rd quarter worth $44,000. Heck Capital Advisors LLC purchased a new position in Ferroglobe in the fourth quarter valued at $37,000. Raymond James Financial Inc. acquired a new stake in shares of Ferroglobe during the 4th quarter worth about $42,000. LPL Financial LLC acquired a new position in shares of Ferroglobe in the 4th quarter valued at $42,000. Finally, Quantbot Technologies LP purchased a new position in shares of Ferroglobe in the 4th quarter valued at $77,000. 89.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GSM. StockNews.com cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Seaport Res Ptn lowered shares of Ferroglobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th.

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Ferroglobe Price Performance

GSM stock traded up $0.02 during midday trading on Monday, hitting $3.33. 89,853 shares of the stock were exchanged, compared to its average volume of 1,171,370. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The stock has a market cap of $624.72 million, a price-to-earnings ratio of 166.25 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 stock's 50-day moving average price is $3.70 and its 200-day moving average price is $4.03.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data 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. 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%. Research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th were given a $0.014 dividend. The ex-dividend date was Thursday, March 20th. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.68%. Ferroglobe's dividend payout ratio (DPR) is 250.00%.

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.