Barclays PLC Acquires Shares of 9,500 Ferroglobe PLC (NASDAQ:GSM)

Barclays PLC bought a new position in shares of Ferroglobe PLC (NASDAQ:GSM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,500 shares of the basic materials company’s stock, valued at approximately $44,000.

Several other large investors have also recently modified their holdings of GSM. Quarry LP bought a new position in Ferroglobe in the 2nd quarter worth about $84,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Ferroglobe by 40.1% during 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 period. Orion Portfolio Solutions LLC purchased a new stake in shares of Ferroglobe in the third quarter worth about $99,000. Hood River Capital Management LLC boosted its position in shares of Ferroglobe by 41.4% in the second 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 period. Finally, HighTower Advisors LLC grew its stake in Ferroglobe by 78.1% during the third quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 12,326 shares in the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Performance

NASDAQ:GSM opened at $3.92 on Friday. The stock has a market cap of $734.73 million, a P/E ratio of 16.33 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $4.15 and its two-hundred day moving average price is $4.56. Ferroglobe PLC has a twelve month low of $3.68 and a twelve month high of $6.37.

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

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were paid a $0.013 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.33%. Ferroglobe’s dividend payout ratio (DPR) is 20.83%.

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.