Qtron Investments LLC Has $85,000 Stake in Ferroglobe PLC (NASDAQ:GSM)

Qtron Investments LLC boosted its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 49.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,268 shares of the basic materials company’s stock after buying an additional 7,396 shares during the quarter. Qtron Investments LLC’s holdings in Ferroglobe were worth $85,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in Ferroglobe by 78.1% in the third quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock valued at $131,000 after buying an additional 12,326 shares during the period. State Street Corp lifted its stake in shares of Ferroglobe by 1.6% in the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 2,615 shares during the period. XTX Topco Ltd acquired a new position in shares of Ferroglobe in the 3rd quarter valued at about $150,000. Orion Portfolio Solutions LLC acquired a new stake in Ferroglobe during the third quarter worth approximately $99,000. Finally, Barclays PLC bought a new stake in Ferroglobe in the third quarter worth approximately $44,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Ferroglobe Stock Up 2.2 %

Ferroglobe stock opened at $3.31 on Monday. The firm has a market capitalization of $621.90 million, a price-to-earnings ratio of 165.50 and a beta of 1.58. The firm’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $4.03. Ferroglobe PLC has a 1-year low of $2.97 and a 1-year high of $6.19. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, equities research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a dividend of $0.014 per share. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.69%. Ferroglobe’s payout ratio is presently 250.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GSM. Seaport Res Ptn downgraded shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report 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.