63,965 Shares in Ferroglobe PLC (NASDAQ:GSM) Acquired by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Ferroglobe PLC (NASDAQ:GSM) during the second quarter, HoldingsChannel.com reports. The fund purchased 63,965 shares of the basic materials company’s stock, valued at approximately $343,000.

A number of other hedge funds also recently made changes to their positions in the stock. Covestor Ltd raised its stake in shares of Ferroglobe by 266.1% during the first quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,864 shares during the period. Virtu Financial LLC bought a new position in shares of Ferroglobe during the first quarter worth about $53,000. Legacy Capital Group California Inc. acquired a new stake in Ferroglobe during the second quarter valued at approximately $60,000. Hood River Capital Management LLC bought a new stake in shares of Ferroglobe in the 1st quarter valued at approximately $73,000. Finally, Banco Santander S.A. bought a new stake in Ferroglobe during the second quarter valued at $80,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Trading Down 2.6 %

Shares of GSM stock opened at $4.14 on Friday. The stock has a 50-day simple moving average of $4.92 and a 200 day simple moving average of $5.12. The stock has a market capitalization of $775.98 million, a P/E ratio of 12.18 and a beta of 1.83. Ferroglobe PLC has a fifty-two week low of $4.07 and a fifty-two week high of $6.78. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. The firm had revenue of $451.05 million for the quarter, compared to analyst estimates of $425.55 million. During the same period in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts expect that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be paid a $0.013 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.05 dividend on an annualized basis and a yield of 1.26%. Ferroglobe’s payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

Ferroglobe Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.