Kathmere Capital Management LLC Buys 5,822 Shares of Ferroglobe PLC (NASDAQ:GSM)

Kathmere Capital Management LLC raised its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 22.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,901 shares of the basic materials company’s stock after buying an additional 5,822 shares during the quarter. Kathmere Capital Management LLC’s holdings in Ferroglobe were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Covestor Ltd raised its stake in shares of Ferroglobe by 266.1% in the first quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,864 shares during the period. Virtu Financial LLC purchased a new position in Ferroglobe during the 1st quarter worth $53,000. Legacy Capital Group California Inc. purchased a new position in shares of Ferroglobe during the second quarter valued at $60,000. Hood River Capital Management LLC bought a new position in Ferroglobe during the 1st quarter worth about $73,000. Finally, Banco Santander S.A. bought a new position in shares of Ferroglobe during the second quarter valued at approximately $80,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Trading Up 4.3 %

Shares of NASDAQ:GSM opened at $4.58 on Monday. Ferroglobe PLC has a 1 year low of $4.07 and a 1 year high of $6.78. The firm has a market capitalization of $858.45 million, a P/E ratio of 13.47 and a beta of 1.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 0.91. The business’s 50-day moving average is $4.59 and its 200 day moving average is $5.11.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. The company had revenue of $451.05 million during the quarter, compared to analyst estimates of $425.55 million. During the same quarter last year, the business posted $0.30 EPS. On average, research analysts predict that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were paid a $0.013 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.14%. Ferroglobe’s payout ratio is 14.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

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.