HighTower Advisors LLC Purchases 12,326 Shares of Ferroglobe PLC (NASDAQ:GSM)

HighTower Advisors LLC boosted its holdings in Ferroglobe PLC (NASDAQ:GSM) by 78.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,103 shares of the basic materials company’s stock after buying an additional 12,326 shares during the period. HighTower Advisors LLC’s holdings in Ferroglobe were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GSM. Old West Investment Management LLC increased its position in shares of Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after purchasing an additional 2,631,024 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after buying an additional 2,442,507 shares during the last quarter. Thomist Capital Management LP raised its position in shares of Ferroglobe by 159.3% during the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after buying an additional 1,924,879 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Ferroglobe by 15.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock worth $40,849,000 after acquiring an additional 1,003,918 shares during the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in Ferroglobe in the third quarter worth $2,900,000. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Stock Up 0.3 %

GSM opened at $3.80 on Friday. The business’s fifty day simple moving average is $4.26 and its 200 day simple moving average is $4.67. Ferroglobe PLC has a 52 week low of $3.72 and a 52 week high of $6.78. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $712.25 million, a PE ratio of 15.83 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter last year, the company posted $0.27 earnings per share. As a group, research analysts expect that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a $0.013 dividend. This represents a $0.05 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, December 20th. Ferroglobe’s dividend payout ratio is presently 20.83%.

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.