171,178 Shares in Ferroglobe PLC $GSM Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Ferroglobe PLC (NASDAQ:GSM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 171,178 shares of the basic materials company’s stock, valued at approximately $544,000. Public Employees Retirement System of Ohio owned about 0.09% of Ferroglobe as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GSM. California State Teachers Retirement System bought a new position in shares of Ferroglobe during the 2nd quarter worth approximately $27,000. Quadrant Capital Group LLC lifted its position in shares of Ferroglobe by 66.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 3,146 shares in the last quarter. Irenic Capital Management LP acquired a new position in Ferroglobe during the fourth quarter worth $46,000. BNP Paribas Financial Markets grew its position in Ferroglobe by 1,017,300.0% in the second quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 10,173 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Ferroglobe in the 1st quarter valued at $44,000. Institutional investors own 89.64% of the company’s stock.

Insider Activity at Ferroglobe

In other news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $4.30, for a total transaction of $138,855.60. Following the transaction, the insider directly owned 31,693 shares in the company, valued at $136,279.90. The trade was a 50.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GSM shares. Wall Street Zen cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings cut Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ferroglobe has a consensus rating of “Hold” and a consensus target price of $6.00.

Ferroglobe Trading Down 0.7%

NASDAQ GSM opened at $4.46 on Friday. Ferroglobe PLC has a 12 month low of $3.08 and a 12 month high of $5.74. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $3.85 and a 200-day moving average of $4.10. The company has a market cap of $832.37 million, a PE ratio of -20.27 and a beta of 1.00.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be paid a $0.015 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.06 dividend on an annualized basis and a yield of 1.3%. Ferroglobe’s dividend payout ratio (DPR) is currently -27.27%.

Ferroglobe Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.