Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Maven Securities LTD

Maven Securities LTD cut its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 71.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 958,698 shares of the basic materials company’s stock after selling 2,421,000 shares during the quarter. Maven Securities LTD’s holdings in Ferroglobe were worth $5,139,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Ferroglobe in the 4th quarter worth $366,000. Epoch Investment Partners Inc. increased its stake in Ferroglobe by 71.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 192,313 shares of the basic materials company’s stock worth $1,252,000 after acquiring an additional 79,979 shares during the last quarter. Tyro Capital Management LLC purchased a new stake in Ferroglobe in the fourth quarter valued at $7,228,000. Appian Way Asset Management LP acquired a new position in shares of Ferroglobe in the 4th quarter valued at $5,435,000. Finally, Masters Capital Management LLC lifted its stake in shares of Ferroglobe by 9.8% in the 4th quarter. Masters Capital Management LLC now owns 2,300,000 shares of the basic materials company’s stock valued at $14,973,000 after purchasing an additional 205,000 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ferroglobe Stock Performance

NASDAQ:GSM opened at $4.96 on Wednesday. Ferroglobe PLC has a fifty-two week low of $4.07 and a fifty-two week high of $6.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63. The company has a 50 day moving average price of $4.55 and a 200 day moving average price of $5.12. The stock has a market capitalization of $929.67 million, a P/E ratio of 14.59 and a beta of 1.83.

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

Ferroglobe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were paid a $0.013 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, September 20th. Ferroglobe’s payout ratio is 14.71%.

About Ferroglobe

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.