Rpo LLC Makes New Investment in Ferroglobe PLC (NASDAQ:GSM)

Rpo LLC acquired a new stake in shares of Ferroglobe PLC (NASDAQ:GSM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,979 shares of the basic materials company’s stock, valued at approximately $53,000.

Several other hedge funds have also made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in Ferroglobe in the fourth quarter worth $37,000. Raymond James Financial Inc. acquired a new position in shares of Ferroglobe in the 4th quarter valued at $42,000. LPL Financial LLC bought a new position in shares of Ferroglobe during the 4th quarter worth about $42,000. Barclays PLC acquired a new stake in shares of Ferroglobe during the 3rd quarter valued at about $44,000. Finally, Quantbot Technologies LP bought a new stake in Ferroglobe in the fourth quarter valued at about $77,000. Institutional investors own 89.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Ferroglobe Stock Up 1.4 %

Shares of NASDAQ:GSM opened at $3.74 on Thursday. The company’s fifty day moving average is $3.82 and its 200-day moving average is $4.09. 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 PLC has a 52 week low of $3.23 and a 52 week high of $6.19. The company has a market capitalization of $702.69 million, a PE ratio of 187.00 and a beta of 1.89.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. Equities research analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th were issued a $0.014 dividend. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, March 20th. Ferroglobe’s payout ratio is presently 250.00%.

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.