Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Ferroglobe PLC (NASDAQ:GSM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Ferroglobe PLC (NASDAQ:GSM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 41,519 shares of the basic materials company’s stock, valued at approximately $158,000.

Several other hedge funds have also recently bought and sold shares of the business. Boston Partners increased its holdings in Ferroglobe by 7.4% in the 4th quarter. Boston Partners now owns 214,380 shares of the basic materials company’s stock valued at $815,000 after purchasing an additional 14,849 shares in the last quarter. Arena Capital Advisors LLC CA boosted its position in shares of Ferroglobe by 15.8% in the fourth quarter. Arena Capital Advisors LLC CA now owns 220,000 shares of the basic materials company’s stock worth $836,000 after buying an additional 30,000 shares during the period. Royce & Associates LP grew its stake in shares of Ferroglobe by 24.2% in the fourth quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company’s stock valued at $12,874,000 after buying an additional 660,980 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Ferroglobe by 10.8% during the 4th quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company’s stock valued at $7,717,000 after buying an additional 197,317 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ferroglobe in the 4th quarter worth approximately $393,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

Ferroglobe Price Performance

Shares of NASDAQ GSM opened at $3.79 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a fifty-two week low of $3.23 and a fifty-two week high of $6.19. The business has a 50 day moving average price of $3.85 and a two-hundred day moving average price of $4.10. The firm has a market cap of $712.08 million, a PE ratio of 189.50 and a beta of 1.89.

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

Ferroglobe Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.48%. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, March 20th. 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.