D. E. Shaw & Co. Inc. Decreases Stock Holdings in Ferroglobe PLC (NASDAQ:GSM)

D. E. Shaw & Co. Inc. lessened its stake in Ferroglobe PLC (NASDAQ:GSM) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,483 shares of the basic materials company’s stock after selling 170,256 shares during the period. D. E. Shaw & Co. Inc. owned 0.12% of Ferroglobe worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in shares of Ferroglobe in the 3rd quarter valued at about $44,000. Heck Capital Advisors LLC purchased a new stake in Ferroglobe during the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $42,000. LPL Financial LLC acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $42,000. Finally, RPO LLC purchased a new position in Ferroglobe in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Up 1.9%

GSM stock opened at $3.83 on Friday. The stock has a market capitalization of $714.78 million, a PE ratio of 191.50 and a beta of 1.69. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.12. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $3.61 and a 200 day moving average of $3.87.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). The firm had revenue of $307.18 million for the quarter, compared to analyst estimates of $336.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. Sell-side analysts forecast that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be issued a $0.014 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.06 annualized dividend and a yield of 1.46%. Ferroglobe’s dividend payout ratio (DPR) is presently -15.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GSM. Wall Street Zen downgraded Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

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.