Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,322 shares of the basic materials company’s stock after selling 17,810 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Ferroglobe worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Covestor Ltd increased its stake in Ferroglobe by 266.1% during the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,864 shares in the last quarter. ARS Investment Partners LLC boosted its holdings in shares of Ferroglobe by 6.2% in the 2nd quarter. ARS Investment Partners LLC now owns 69,000 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 4,000 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Ferroglobe by 22.4% in the 2nd quarter. Kathmere Capital Management LLC now owns 31,909 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 5,830 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ferroglobe in the 1st quarter valued at $53,000. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Ferroglobe in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Analysts Set New Price Targets

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

Ferroglobe Stock Down 2.3 %

GSM stock opened at $4.20 on Friday. The firm’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $5.10. The company has a market capitalization of $787.22 million, a P/E ratio of 12.35 and a beta of 1.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 0.91. Ferroglobe PLC has a 12 month low of $4.07 and a 12 month high of $6.78.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. The business had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.55 million. During the same period in the prior year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that Ferroglobe PLC will post 0.28 earnings per share for the current year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, September 20th. Ferroglobe’s dividend payout ratio (DPR) is presently 14.71%.

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.