Ferroglobe Sees Unusually High Options Volume (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) was the recipient of unusually large options trading on Monday. Investors purchased 5,223 call options on the stock. This represents an increase of 122% compared to the average volume of 2,350 call options.

Ferroglobe Stock Performance

Shares of GSM stock opened at $5.49 on Tuesday. The company has a market cap of $1.03 billion, a P/E ratio of 16.15 and a beta of 1.87. The business has a 50 day moving average of $5.56 and a two-hundred day moving average of $5.42. Ferroglobe has a 52 week low of $4.26 and a 52 week high of $6.78. The company has a quick ratio of 1.02, a current ratio of 1.74 and a debt-to-equity ratio of 0.02.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 17th were given a dividend of $0.013 per share. The ex-dividend date was Monday, June 17th. This represents a $0.05 annualized dividend and a dividend yield of 0.95%. Ferroglobe’s dividend payout ratio is currently 14.71%.

Institutional Investors Weigh In On Ferroglobe

Several large investors have recently made changes to their positions in the company. PEAK6 Investments LLC acquired a new position in shares of Ferroglobe during the third quarter valued at $326,000. Mutual Advisors LLC acquired a new position in Ferroglobe during the 3rd quarter valued at about $52,000. Ritholtz Wealth Management bought a new stake in shares of Ferroglobe during the 4th quarter worth about $308,000. Schwartz Investment Counsel Inc. acquired a new stake in shares of Ferroglobe in the 4th quarter worth approximately $2,730,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Ferroglobe in the fourth quarter valued at approximately $247,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a report on Monday, May 20th.

About Ferroglobe

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.