State of Wyoming Boosts Stock Position in Ferroglobe PLC (NASDAQ:GSM)

State of Wyoming grew its holdings in Ferroglobe PLC (NASDAQ:GSM) by 165.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 122,523 shares of the basic materials company’s stock after acquiring an additional 76,337 shares during the quarter. State of Wyoming’s holdings in Ferroglobe were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Ferroglobe in the third quarter valued at approximately $44,000. Heck Capital Advisors LLC purchased a new stake in shares of Ferroglobe in the 4th quarter worth $37,000. Raymond James Financial Inc. purchased a new stake in shares of Ferroglobe in the 4th quarter worth $42,000. LPL Financial LLC bought a new position in shares of Ferroglobe during the 4th quarter worth $42,000. Finally, RPO LLC purchased a new position in shares of Ferroglobe during the fourth quarter valued at $53,000. 89.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GSM shares. Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. StockNews.com lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

Ferroglobe Stock Performance

Shares of NASDAQ:GSM opened at $3.83 on Tuesday. The firm has a 50 day moving average of $3.63 and a 200 day moving average of $3.87. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $714.78 million, a price-to-earnings ratio of 191.50 and a beta of 1.69. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.19.

Ferroglobe (NASDAQ:GSM) last announced its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.08). The company 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%. On average, sell-side analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 annualized dividend and a yield of 1.46%. Ferroglobe’s dividend payout ratio (DPR) is presently -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.