Ferroglobe PLC $GSM Stock Holdings Increased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP raised its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,007,595 shares of the basic materials company’s stock after buying an additional 205,000 shares during the quarter. Ardsley Advisory Partners LP owned about 1.08% of Ferroglobe worth $7,368,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GSM. Lombard Odier Asset Management USA Corp bought a new stake in shares of Ferroglobe in the 2nd quarter valued at approximately $1,833,000. Donald Smith & CO. Inc. boosted its holdings in Ferroglobe by 19.8% in the second quarter. Donald Smith & CO. Inc. now owns 7,811,120 shares of the basic materials company’s stock worth $28,667,000 after purchasing an additional 1,288,610 shares during the period. Invesco Ltd. increased its stake in Ferroglobe by 22.2% during the second quarter. Invesco Ltd. now owns 240,852 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 43,691 shares during the last quarter. Ballast Asset Management LP raised its holdings in shares of Ferroglobe by 5.0% during the second quarter. Ballast Asset Management LP now owns 848,087 shares of the basic materials company’s stock worth $3,112,000 after purchasing an additional 40,676 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Ferroglobe by 70.7% during the second quarter. New York State Common Retirement Fund now owns 37,800 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 15,657 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Trading Down 1.5%

Shares of GSM stock opened at $4.45 on Wednesday. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $5.74. The firm has a market capitalization of $830.50 million, a PE ratio of -6.01 and a beta of 1.13. The stock has a fifty day moving average of $4.60 and a two-hundred day moving average of $4.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.66.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $311.70 million for the quarter, compared to the consensus estimate of $393.80 million. Ferroglobe had a negative net margin of 9.92% and a negative return on equity of 6.13%. As a group, research analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 22nd will be paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 22nd. Ferroglobe’s dividend payout ratio is currently -8.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GSM shares. Zacks Research lowered shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. B. Riley decreased their target price on Ferroglobe from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ferroglobe in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Ferroglobe from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $6.00.

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.