Ferroglobe Sees Unusually High Options Volume (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) was the recipient of some unusual options trading on Friday. Investors bought 7,371 call options on the stock. This represents an increase of 300% compared to the typical daily volume of 1,842 call options.

Institutional Trading of Ferroglobe

Several large investors have recently modified their holdings of the business. State Street Corp boosted its position in Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after acquiring an additional 2,615 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Ferroglobe by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 4,480 shares in the last quarter. West Tower Group LLC lifted its position in Ferroglobe by 3.8% during the third quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company’s stock valued at $637,000 after buying an additional 5,000 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Ferroglobe by 22.3% during the 2nd 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 in the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of Ferroglobe by 41.4% in the 2nd quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 6,091 shares in the last quarter. 89.64% of the stock is owned by institutional investors.

Ferroglobe Price Performance

GSM stock opened at $3.96 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. The firm has a market cap of $742.24 million, a P/E ratio of 16.50 and a beta of 1.84. The firm’s fifty day moving average is $4.18 and its 200 day moving average is $4.59. Ferroglobe has a 52 week low of $3.68 and a 52 week high of $6.47.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $433.53 million for the quarter, compared to analysts’ expectations of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter in the prior year, the company earned $0.27 earnings per share. Research analysts predict that Ferroglobe will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were given a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, December 20th. Ferroglobe’s payout ratio is 20.83%.

Ferroglobe Company 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.