State Street Corp Grows Stock Position in Ferroglobe PLC (NASDAQ:GSM)

State Street Corp increased its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,238 shares of the basic materials company’s stock after purchasing an additional 2,615 shares during the quarter. State Street Corp’s holdings in Ferroglobe were worth $757,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GSM. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Ferroglobe by 40.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 4,480 shares in the last quarter. West Tower Group LLC grew its stake in shares of Ferroglobe by 3.8% during the third quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 5,000 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in Ferroglobe by 22.3% in the second quarter. Kathmere Capital Management LLC now owns 31,901 shares of the basic materials company’s stock valued at $171,000 after buying an additional 5,822 shares during the last quarter. Hood River Capital Management LLC raised its stake in Ferroglobe by 41.4% in the second quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company’s stock valued at $112,000 after buying an additional 6,091 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Ferroglobe by 78.1% during the 3rd quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock worth $131,000 after buying an additional 12,326 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Trading Up 3.4 %

NASDAQ:GSM opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83. Ferroglobe PLC has a 1 year low of $3.68 and a 1 year high of $6.47. The stock has a market cap of $736.60 million, a P/E ratio of 16.38 and a beta of 1.86. The stock has a 50-day simple moving average of $4.18 and a 200-day simple moving average of $4.60.

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

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were paid a dividend of $0.013 per share. The ex-dividend date was Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.32%. Ferroglobe’s dividend payout ratio is currently 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.