Squarepoint Ops LLC Sells 89,205 Shares of Ferroglobe PLC (NASDAQ:GSM)

Squarepoint Ops LLC lessened its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 54.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,835 shares of the basic materials company’s stock after selling 89,205 shares during the period. Squarepoint Ops LLC’s holdings in Ferroglobe were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GSM. Raymond James Financial Inc. bought a new stake in Ferroglobe in the fourth quarter worth about $42,000. LPL Financial LLC acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $42,000. RPO LLC acquired a new stake in shares of Ferroglobe during the fourth quarter worth $53,000. Quantbot Technologies LP acquired a new stake in shares of Ferroglobe during the fourth quarter worth $77,000. Finally, New York State Common Retirement Fund lifted its position in Ferroglobe by 48.9% during the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 7,271 shares during the period. Institutional investors own 89.64% of the company’s stock.

Wall Street Analyst Weigh In

GSM has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Saturday, May 31st. Seaport Res Ptn lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

Ferroglobe Price Performance

Shares of GSM opened at $4.18 on Friday. Ferroglobe PLC has a twelve month low of $2.97 and a twelve month high of $6.11. The firm’s fifty day simple moving average is $3.61 and its 200-day simple moving average is $3.84. The firm has a market capitalization of $780.10 million, a price-to-earnings ratio of 209.00 and a beta of 1.58. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

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

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Wednesday, June 18th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 dividend on an annualized basis and a yield of 1.34%. Ferroglobe’s payout ratio is -15.15%.

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.