Ferroglobe Sees Unusually High Options Volume (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) was the target of some unusual options trading on Friday. Stock investors bought 7,371 call options on the company. This represents an increase of 300% compared to the typical volume of 1,842 call options.

Institutional Trading of Ferroglobe

A number of large investors have recently bought and sold shares of GSM. Old West Investment Management LLC raised its stake in shares of Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after acquiring an additional 2,631,024 shares during the last quarter. Bank of Montreal Can increased its holdings in Ferroglobe by 234.5% during the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares in the last quarter. Thomist Capital Management LP boosted its stake in Ferroglobe by 159.3% in the second quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock worth $18,031,000 after purchasing an additional 1,924,879 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Ferroglobe by 15.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock worth $40,849,000 after purchasing an additional 1,003,918 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Ferroglobe during the third quarter worth $2,900,000. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Trading Up 0.8 %

Shares of GSM stock opened at $3.96 on Friday. The firm has a fifty day moving average of $4.18 and a 200-day moving average of $4.59. The stock has a market cap of $742.24 million, a price-to-earnings ratio of 16.50 and a beta of 1.84. Ferroglobe has a 52-week low of $3.68 and a 52-week high of $6.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $433.53 million during the quarter, compared to analyst estimates of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same period last year, the company earned $0.27 EPS. On average, equities research analysts forecast that Ferroglobe will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.31%. Ferroglobe’s dividend payout ratio (DPR) is presently 20.83%.

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.