Saxon Interests Inc. Acquires New Position in Ferroglobe PLC (NASDAQ:GSM)

Saxon Interests Inc. acquired a new stake in shares of Ferroglobe PLC (NASDAQ:GSM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,610 shares of the basic materials company’s stock, valued at approximately $172,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schwartz Investment Counsel Inc. acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $2,730,000. Orchard Capital Management LLC acquired a new stake in shares of Ferroglobe in the fourth quarter worth $6,777,000. Tyro Capital Management LLC acquired a new stake in shares of Ferroglobe in the fourth quarter worth $7,228,000. Grizzlyrock Capital LLC acquired a new stake in shares of Ferroglobe in the fourth quarter worth $19,467,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Ferroglobe in the fourth quarter worth $308,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Tuesday.

Ferroglobe Trading Up 0.5 %

Shares of Ferroglobe stock opened at $5.52 on Wednesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 16.24 and a beta of 1.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.02. The company’s fifty day moving average price is $5.57 and its two-hundred day moving average price is $5.41. Ferroglobe PLC has a 52-week low of $4.26 and a 52-week high of $6.78.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.05 annualized dividend and a yield of 0.94%. Ferroglobe’s dividend payout ratio (DPR) is 14.71%.

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.