Ferroglobe PLC (NASDAQ:GSM) Stock Holdings Lessened by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP lowered its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,897,920 shares of the basic materials company’s stock after selling 45,942 shares during the period. Ferroglobe makes up 4.1% of Bardin Hill Management Partners LP’s holdings, making the stock its 5th largest holding. Bardin Hill Management Partners LP’s holdings in Ferroglobe were worth $10,173,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd grew its stake in Ferroglobe by 266.1% in the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock worth $26,000 after buying an additional 3,864 shares in the last quarter. Virtu Financial LLC purchased a new position in Ferroglobe in the first quarter worth $53,000. Legacy Capital Group California Inc. bought a new position in Ferroglobe in the second quarter valued at $60,000. Hood River Capital Management LLC purchased a new stake in Ferroglobe during the first quarter valued at about $73,000. Finally, Banco Santander S.A. bought a new stake in Ferroglobe during the second quarter worth about $80,000. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Trading Up 6.9 %

Shares of 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 firm has a market cap of $929.67 million, a price-to-earnings ratio of 14.59 and a beta of 1.83. The firm has a 50 day moving average price of $4.55 and a 200-day moving average price of $5.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63.

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

Ferroglobe Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.