Maven Securities LTD Reduces Stock Position in Ferroglobe PLC (NASDAQ:GSM)

Maven Securities LTD reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 86.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,000 shares of the basic materials company’s stock after selling 257,513 shares during the period. Maven Securities LTD’s holdings in Ferroglobe were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GSM. Barclays PLC bought a new position in Ferroglobe in the third quarter worth about $44,000. Heck Capital Advisors LLC bought a new position in Ferroglobe in the fourth quarter worth about $37,000. State of New Jersey Common Pension Fund D bought a new position in Ferroglobe in the fourth quarter worth about $96,000. New York State Common Retirement Fund raised its stake in Ferroglobe by 48.9% in the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock worth $84,000 after buying an additional 7,271 shares in the last quarter. Finally, Legacy Capital Group California Inc. raised its stake in Ferroglobe by 19.9% in the fourth quarter. Legacy Capital Group California Inc. now owns 64,297 shares of the basic materials company’s stock worth $244,000 after buying an additional 10,679 shares in the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Seaport Res Ptn downgraded shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. StockNews.com downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Ferroglobe Price Performance

Shares of NASDAQ GSM opened at $3.88 on Thursday. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $6.19. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.89. The company has a market capitalization of $724.11 million, a price-to-earnings ratio of 194.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.08). The firm had revenue of $307.18 million for the quarter, compared to the consensus estimate of $336.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. Analysts expect that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, June 18th. Ferroglobe’s dividend payout ratio (DPR) is currently -15.15%.

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.