Ferroglobe PLC (NASDAQ:GSM) Shares Bought by Hosking Partners LLP

Hosking Partners LLP lifted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,004,298 shares of the basic materials company’s stock after acquiring an additional 159,845 shares during the period. Ferroglobe comprises approximately 1.3% of Hosking Partners LLP’s holdings, making the stock its 23rd largest holding. Hosking Partners LLP owned about 4.79% of Ferroglobe worth $34,216,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Old West Investment Management LLC boosted its stake in Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after acquiring an additional 2,631,024 shares during the period. Bank of Montreal Can boosted its position in Ferroglobe by 234.5% during the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. Royce & Associates LP grew its stake in Ferroglobe by 3.6% during the 3rd quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company’s stock worth $12,653,000 after buying an additional 94,260 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Ferroglobe by 1,180.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company’s stock worth $1,854,000 after buying an additional 368,300 shares during the last quarter. Finally, Maverick Capital Ltd. increased its position in Ferroglobe by 60.3% in the third quarter. Maverick Capital Ltd. now owns 369,540 shares of the basic materials company’s stock worth $1,715,000 after buying an additional 139,002 shares during the period. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Stock Down 4.4 %

Shares of Ferroglobe stock opened at $3.44 on Friday. Ferroglobe PLC has a 1-year low of $3.44 and a 1-year high of $6.19. The company has a market capitalization of $646.32 million, a P/E ratio of 172.00 and a beta of 1.83. The business’s fifty day moving average price is $3.89 and its two-hundred day moving average price is $4.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $367.51 million for the quarter, compared to analysts’ expectations of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. As a group, research analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be paid a $0.014 dividend. This is a positive change from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 20th. Ferroglobe’s dividend payout ratio is currently 250.00%.

Analyst Upgrades and Downgrades

GSM has been the subject of several recent research reports. Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research report on Monday. StockNews.com lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

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.