21,253 Shares in Ferroglobe PLC (NASDAQ:GSM) Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC bought a new stake in Ferroglobe PLC (NASDAQ:GSM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,253 shares of the basic materials company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Ferroglobe in the 3rd quarter worth $150,000. State Street Corp increased its position in Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after buying an additional 2,615 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Ferroglobe by 1,180.4% in 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 buying an additional 368,300 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Ferroglobe by 78.1% in the third quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 12,326 shares in the last quarter. Finally, Maverick Capital Ltd. grew its stake in shares of Ferroglobe by 60.3% during the third quarter. Maverick Capital Ltd. now owns 369,540 shares of the basic materials company’s stock worth $1,715,000 after acquiring an additional 139,002 shares during the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Stock Performance

GSM opened at $3.87 on Friday. The firm’s 50-day moving average price is $4.31 and its 200-day moving average price is $4.72. The company has a market cap of $725.37 million, a P/E ratio of 16.13 and a beta of 1.86. 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 PLC has a 52-week low of $3.74 and a 52-week high of $6.78.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $0.27 EPS. As a group, equities analysts anticipate that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be given a dividend of $0.013 per share. The ex-dividend date is Friday, December 20th. This represents a $0.05 dividend on an annualized basis and a yield of 1.34%. Ferroglobe’s dividend payout ratio is currently 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.