272 Capital LP Has $2.22 Million Holdings in Ferroglobe PLC (NASDAQ:GSM)

272 Capital LP lessened its position in Ferroglobe PLC (NASDAQ:GSM) by 27.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,255 shares of the basic materials company’s stock after selling 157,428 shares during the quarter. 272 Capital LP owned about 0.22% of Ferroglobe worth $2,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Grizzlyrock Capital LLC acquired a new position in shares of Ferroglobe during the 4th quarter worth about $19,467,000. Hosking Partners LLP increased its position in Ferroglobe by 48.7% in the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock worth $48,824,000 after buying an additional 2,981,907 shares during the period. Thomist Capital Management LP lifted its holdings in shares of Ferroglobe by 159.3% during the second quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock worth $18,031,000 after buying an additional 1,924,879 shares during the last quarter. Tyro Capital Management LLC bought a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $7,228,000. Finally, Orchard Capital Management LLC acquired a new stake in shares of Ferroglobe in the fourth quarter worth $6,777,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Stock Up 1.0 %

GSM stock opened at $4.24 on Tuesday. Ferroglobe PLC has a twelve month low of $4.07 and a twelve month high of $6.78. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.02. The company has a market cap of $794.72 million, a PE ratio of 12.47 and a beta of 1.83. The business’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $5.11.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $451.05 million for the quarter, compared to analyst estimates of $425.55 million. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. During the same quarter last year, the firm earned $0.30 EPS. On average, research analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, September 20th. Ferroglobe’s dividend payout ratio is 14.71%.

Analyst Ratings Changes

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

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.