Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Maven Securities LTD

Maven Securities LTD reduced its position in Ferroglobe PLC (NASDAQ:GSM) by 71.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 958,698 shares of the basic materials company’s stock after selling 2,421,000 shares during the quarter. Maven Securities LTD owned about 0.51% of Ferroglobe worth $5,139,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Ferroglobe in the first quarter valued at about $811,000. Orchard Capital Management LLC purchased a new position in shares of Ferroglobe in the fourth quarter worth $6,777,000. First Eagle Investment Management LLC lifted its stake in shares of Ferroglobe by 8.6% during the first quarter. First Eagle Investment Management LLC now owns 1,620,155 shares of the basic materials company’s stock worth $8,068,000 after buying an additional 127,795 shares during the period. Tyro Capital Management LLC acquired a new stake in shares of Ferroglobe during the fourth quarter worth $7,228,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Ferroglobe during the second quarter valued at $1,236,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ferroglobe Stock Up 6.9 %

GSM stock opened at $4.96 on Wednesday. The company has a market capitalization of $929.67 million, a P/E ratio of 14.59 and a beta of 1.83. Ferroglobe PLC has a 12 month low of $4.07 and a 12 month high of $6.78. The firm’s fifty day simple moving average is $4.55 and its 200-day simple moving average is $5.12. 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 (NASDAQ:GSM) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $451.05 million during the quarter, compared to the consensus estimate of $425.55 million. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. During the same period in the previous year, the company posted $0.30 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were issued a $0.013 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.05 dividend on an annualized basis and a yield of 1.05%. Ferroglobe’s payout ratio is 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.