GSA Capital Partners LLP Has $532,000 Stake in Ferroglobe PLC (NASDAQ:GSM)

GSA Capital Partners LLP boosted its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,691 shares of the basic materials company’s stock after buying an additional 24,245 shares during the quarter. GSA Capital Partners LLP’s holdings in Ferroglobe were worth $532,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Hosking Partners LLP grew its position in shares of Ferroglobe by 48.7% in the second quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after purchasing an additional 2,981,907 shares during the last quarter. Old West Investment Management LLC grew its position in shares of Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after purchasing an additional 2,631,024 shares during the last quarter. Thomist Capital Management LP grew its position in shares of Ferroglobe by 159.3% in the second quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after purchasing an additional 1,924,879 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Ferroglobe by 15.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock valued at $40,849,000 after purchasing an additional 1,003,918 shares during the last quarter. Finally, Tyro Capital Management LLC grew its position in shares of Ferroglobe by 79.4% in the first quarter. Tyro Capital Management LLC now owns 1,992,274 shares of the basic materials company’s stock valued at $9,922,000 after purchasing an additional 881,976 shares during the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

Ferroglobe Stock Down 0.9 %

NASDAQ GSM opened at $4.49 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83. The firm has a 50-day simple moving average of $4.35 and a 200 day simple moving average of $4.96. Ferroglobe PLC has a twelve month low of $3.99 and a twelve month high of $6.78. The stock has a market cap of $841.56 million, a PE ratio of 18.71 and a beta of 1.88.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The company had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. During the same quarter in the previous year, the business posted $0.27 EPS. On average, research analysts forecast that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a $0.013 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, December 20th. Ferroglobe’s payout ratio is presently 20.83%.

Ferroglobe Company 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.