HighTower Advisors LLC Has $131,000 Stake in Ferroglobe PLC (NASDAQ:GSM)

HighTower Advisors LLC increased its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 78.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,103 shares of the basic materials company’s stock after purchasing an additional 12,326 shares during the period. HighTower Advisors LLC’s holdings in Ferroglobe were worth $131,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GSM. Banco Santander S.A. acquired a new position in shares of Ferroglobe during the second quarter valued at about $80,000. nVerses Capital LLC bought a new position in shares of Ferroglobe in the second quarter valued at approximately $95,000. Ritholtz Wealth Management boosted its position in shares of Ferroglobe by 64.1% during the second quarter. Ritholtz Wealth Management now owns 200,990 shares of the basic materials company’s stock valued at $1,077,000 after buying an additional 78,509 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Ferroglobe during the second quarter worth $518,000. Finally, Caprock Group LLC purchased a new stake in Ferroglobe in the 2nd quarter valued at $343,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $3.80 on Friday. Ferroglobe PLC has a 1-year low of $3.72 and a 1-year high of $6.78. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $712.25 million, a PE ratio of 15.83 and a beta of 1.86. The stock’s fifty day simple moving average is $4.26 and its two-hundred day simple moving average is $4.67.

Ferroglobe (NASDAQ:GSM) last released its quarterly 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). The firm had revenue of $433.53 million for the quarter, compared to analysts’ expectations of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, analysts forecast that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be given a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 20th. Ferroglobe’s payout ratio is 20.83%.

Ferroglobe 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.