State Street Corp Raises Position in Ferroglobe PLC (NASDAQ:GSM)

State Street Corp boosted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,238 shares of the basic materials company’s stock after buying an additional 2,615 shares during the period. State Street Corp owned 0.09% of Ferroglobe worth $757,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Ferroglobe by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock valued at $84,000 after buying an additional 4,480 shares during the last quarter. Quarry LP purchased a new stake in Ferroglobe during the 2nd quarter valued at about $84,000. Hood River Capital Management LLC raised its holdings in Ferroglobe by 41.4% in the 2nd quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company’s stock valued at $112,000 after acquiring an additional 6,091 shares during the last quarter. HighTower Advisors LLC lifted its stake in Ferroglobe by 78.1% in the 3rd quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 12,326 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in shares of Ferroglobe by 22.3% during the 2nd quarter. Kathmere Capital Management LLC now owns 31,901 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 5,822 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Trading Up 3.4 %

Shares of GSM opened at $3.93 on Friday. Ferroglobe PLC has a 12-month low of $3.68 and a 12-month high of $6.47. The firm has a market capitalization of $736.60 million, a P/E ratio of 16.38 and a beta of 1.86. The firm has a 50-day moving average price of $4.18 and a 200 day moving average price of $4.60. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $433.53 million during the quarter, compared to analyst estimates of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter in the prior year, the company posted $0.27 earnings per share. Sell-side analysts forecast that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were issued a $0.013 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.32%. Ferroglobe’s dividend payout ratio is currently 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.