Walleye Capital LLC Trims Position in Ferroglobe PLC (NASDAQ:GSM)

Walleye Capital LLC reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 39.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 554,107 shares of the basic materials company's stock after selling 368,416 shares during the quarter. Walleye Capital LLC owned 0.30% of Ferroglobe worth $2,571,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Ferroglobe during the first quarter valued at approximately $53,000. Legacy Capital Group California Inc. bought a new stake in Ferroglobe during the second quarter valued at approximately $60,000. Banco Santander S.A. bought a new stake in Ferroglobe during the second quarter valued at approximately $80,000. Vanguard Personalized Indexing Management LLC grew its position in Ferroglobe by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company's stock valued at $84,000 after buying an additional 4,480 shares during the period. Finally, Quarry LP bought a new stake in Ferroglobe during the second quarter valued at approximately $84,000. 89.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th.

Ferroglobe Stock Performance

GSM remained flat at $4.40 during trading hours on Wednesday. 687,144 shares of the company traded hands, compared to its average volume of 1,350,152. 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 PLC has a 12 month low of $3.99 and a 12 month high of $6.78. The firm has a market cap of $824.69 million, a PE ratio of 18.33 and a beta of 1.86. The firm has a 50 day moving average of $4.40 and a 200-day moving average of $4.87.

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

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.013 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.18%. Ferroglobe's dividend payout ratio (DPR) is presently 20.83%.

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.