Beck Mack & Oliver LLC Buys 10,000 Shares of Ferroglobe PLC (NASDAQ:GSM)

Beck Mack & Oliver LLC grew its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,400 shares of the basic materials company’s stock after purchasing an additional 10,000 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Ferroglobe were worth $154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Ferroglobe during the third quarter valued at approximately $44,000. State Street Corp increased its position in Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 2,615 shares during the period. Hosking Partners LLP raised its holdings in Ferroglobe by 1.8% in the 4th quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company’s stock worth $34,216,000 after purchasing an additional 159,845 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Ferroglobe by 10.8% in the 4th quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company’s stock worth $7,717,000 after purchasing an additional 197,317 shares during the period. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Ferroglobe by 852.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company’s stock valued at $22,614,000 after purchasing an additional 5,326,051 shares in the last quarter. Institutional investors own 89.64% of the company’s stock.

Analyst Upgrades and Downgrades

GSM has been the subject of several research analyst reports. Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. StockNews.com cut Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Ferroglobe Stock Down 0.3 %

Shares of Ferroglobe stock opened at $3.44 on Friday. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $6.19. The firm has a market cap of $646.32 million, a price-to-earnings ratio of 172.00 and a beta of 1.58. The company has a 50-day moving average of $3.65 and a 200 day moving average of $3.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $367.51 million during the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.63%. Ferroglobe’s dividend payout ratio (DPR) is presently 250.00%.

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.