Investors Purchase Large Volume of Ferroglobe Call Options (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) was the recipient of some unusual options trading activity on Friday. Traders acquired 7,371 call options on the stock. This is an increase of approximately 300% compared to the average daily volume of 1,842 call options.

Institutional Investors Weigh In On Ferroglobe

Several hedge funds and other institutional investors have recently made changes to their positions in GSM. Acadian Asset Management LLC acquired a new stake in shares of Ferroglobe in the second quarter worth $518,000. Caprock Group LLC acquired a new stake in Ferroglobe in the 2nd quarter worth $343,000. Cowen AND Company LLC bought a new position in shares of Ferroglobe during the 2nd quarter worth about $2,787,000. Old West Investment Management LLC raised its position in shares of Ferroglobe by 880.4% during the second quarter. Old West Investment Management LLC now owns 1,127,477 shares of the basic materials company’s stock valued at $6,043,000 after buying an additional 1,012,477 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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 valued at $84,000 after buying an additional 4,480 shares during the period. 89.64% of the stock is owned by institutional investors and hedge funds.

Ferroglobe Trading Up 0.8 %

Shares of NASDAQ GSM opened at $3.96 on Friday. The business has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $4.59. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. Ferroglobe has a twelve month low of $3.68 and a twelve month high of $6.47. The firm has a market cap of $742.24 million, a PE ratio of 16.50 and a beta of 1.84.

Ferroglobe (NASDAQ:GSM) last announced its quarterly 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). The company had revenue of $433.53 million for the quarter, compared to analyst estimates of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter last year, the business earned $0.27 EPS. Analysts expect that Ferroglobe will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, December 20th. Ferroglobe’s dividend payout ratio (DPR) 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.