Ferroglobe PLC $GSM Stock Sold by Hosking Partners LLP

Hosking Partners LLP lowered its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 18.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,374,924 shares of the basic materials company’s stock after selling 1,855,207 shares during the quarter. Hosking Partners LLP’s holdings in Ferroglobe were worth $33,290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new position in shares of Ferroglobe during the second quarter worth approximately $25,843,000. Bastion Asset Management Inc. purchased a new stake in shares of Ferroglobe during the first quarter worth about $4,155,000. Empowered Funds LLC grew its position in shares of Ferroglobe by 7.5% in the 1st quarter. Empowered Funds LLC now owns 879,237 shares of the basic materials company’s stock worth $3,622,000 after buying an additional 61,474 shares during the last quarter. Sei Investments Co. boosted its holdings in Ferroglobe by 67.0% in the first quarter. Sei Investments Co. now owns 639,440 shares of the basic materials company’s stock valued at $2,634,000 after acquiring an additional 256,449 shares in the last quarter. Finally, 1492 Capital Management LLC increased its position in shares of Ferroglobe by 12.6% during the first quarter. 1492 Capital Management LLC now owns 519,449 shares of the basic materials company’s stock valued at $2,140,000 after buying an additional 58,316 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Insider Buying and Selling

In other Ferroglobe news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $4.30, for a total value of $138,855.60. Following the completion of the transaction, the insider directly owned 31,693 shares in the company, valued at $136,279.90. This represents a 50.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 13.07% of the company’s stock.

Ferroglobe Stock Up 1.2%

Shares of GSM stock opened at $4.19 on Thursday. The company has a market capitalization of $781.96 million, a price-to-earnings ratio of -19.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.74. The company’s fifty day moving average price is $4.20 and its 200-day moving average price is $4.02. Ferroglobe PLC has a one year low of $3.08 and a one year high of $5.66.

Ferroglobe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.0150 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.4%. Ferroglobe’s dividend payout ratio (DPR) is currently -27.27%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen raised Ferroglobe from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings downgraded Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Company Profile

Ferroglobe PLC (NASDAQ:GSM) is a global producer of silicon and manganese-based alloys. The company manufactures silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloy products used in the production of steel, aluminum, silicones, solar materials and other industrial goods.

Ferroglobe also operates quartz resources and produces related raw materials used in its alloy manufacturing processes. Its products support several industries, including automotive, construction, energy, chemicals, electronics and renewable energy.