Heck Capital Advisors LLC Acquires Shares of 9,640 Ferroglobe PLC (NASDAQ:GSM)

Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe PLC (NASDAQ:GSM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 9,640 shares of the basic materials company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Old West Investment Management LLC lifted its holdings in Ferroglobe by 233.4% during the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Bank of Montreal Can lifted its holdings in Ferroglobe by 234.5% during the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in Ferroglobe during the third quarter valued at approximately $2,900,000. Point72 Asset Management L.P. lifted its holdings in Ferroglobe by 1,180.4% during the third quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company’s stock valued at $1,854,000 after purchasing an additional 368,300 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in Ferroglobe by 60.3% during the third quarter. Maverick Capital Ltd. now owns 369,540 shares of the basic materials company’s stock valued at $1,715,000 after purchasing an additional 139,002 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $3.85 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. Ferroglobe PLC has a 1-year low of $3.68 and a 1-year high of $6.19. The company has a market capitalization of $723.34 million, a P/E ratio of 16.04 and a beta of 1.83. The firm’s 50 day simple moving average is $4.04 and its two-hundred day simple moving average is $4.36.

Ferroglobe (NASDAQ:GSM) last released its earnings results 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). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The company had revenue of $433.53 million during the quarter, compared to analysts’ expectations of $443.50 million. During the same period last year, the firm posted $0.27 EPS. Research analysts expect that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were given a $0.013 dividend. This represents a $0.05 annualized dividend and a yield of 1.35%. The ex-dividend date was 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.