Walleye Capital LLC Purchases 49,873 Shares of Ferroglobe PLC (NASDAQ:GSM)

Walleye Capital LLC boosted its position in Ferroglobe PLC (NASDAQ:GSMGet Rating) by 114.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,441 shares of the basic materials company’s stock after acquiring an additional 49,873 shares during the quarter. Walleye Capital LLC’s holdings in Ferroglobe were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Rubric Capital Management LP increased its stake in Ferroglobe by 36.5% in the fourth quarter. Rubric Capital Management LP now owns 13,648,711 shares of the basic materials company’s stock valued at $84,758,000 after acquiring an additional 3,648,711 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Ferroglobe by 718.6% during the fourth quarter. Marshall Wace LLP now owns 4,471,252 shares of the basic materials company’s stock valued at $27,766,000 after buying an additional 3,925,063 shares during the last quarter. Wolf Hill Capital Management LP grew its stake in shares of Ferroglobe by 59.9% during the first quarter. Wolf Hill Capital Management LP now owns 4,312,260 shares of the basic materials company’s stock valued at $33,204,000 after buying an additional 1,615,404 shares during the last quarter. Cannell & Co. grew its stake in shares of Ferroglobe by 19.8% during the first quarter. Cannell & Co. now owns 3,669,505 shares of the basic materials company’s stock valued at $28,255,000 after buying an additional 605,600 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Ferroglobe by 5.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,462,294 shares of the basic materials company’s stock valued at $21,501,000 after buying an additional 179,100 shares during the last quarter. Institutional investors own 40.06% of the company’s stock.

Ferroglobe Stock Performance

Ferroglobe stock opened at $6.11 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $6.39 and a 200-day moving average of $6.87. The firm has a market cap of $1.14 billion, a P/E ratio of 3.84 and a beta of 2.25. Ferroglobe PLC has a 1-year low of $4.53 and a 1-year high of $9.94.

Analyst Ratings Changes

GSM has been the topic of a number of recent research reports. B. Riley initiated coverage on Ferroglobe in a research note on Wednesday, September 14th. They set a “buy” rating and a $12.00 price objective on the stock. StockNews.com raised Ferroglobe from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 25th.

About Ferroglobe

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Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other.

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Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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