Barclays PLC Purchases Shares of 9,500 Ferroglobe PLC (NASDAQ:GSM)

Barclays PLC acquired a new stake in Ferroglobe PLC (NASDAQ:GSM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,500 shares of the basic materials company’s stock, valued at approximately $44,000.

A number of other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted 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 acquiring an additional 1,003,918 shares during the period. Old West Investment Management LLC raised its holdings in Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after purchasing an additional 2,442,507 shares during the period. Thomist Capital Management LP boosted its stake in shares of Ferroglobe by 159.3% during the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after purchasing an additional 1,924,879 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Ferroglobe by 3.6% during the third quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company’s stock valued at $12,653,000 after buying an additional 94,260 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Price Performance

GSM stock opened at $3.92 on Friday. The firm has a 50-day moving average of $4.15 and a 200 day moving average of $4.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The company has a market cap of $734.73 million, a P/E ratio of 16.33 and a beta of 1.84. Ferroglobe PLC has a 1 year low of $3.68 and a 1 year high of $6.37.

Ferroglobe (NASDAQ:GSM) last announced its 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). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The firm had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. During the same period in the prior year, the company posted $0.27 EPS. On average, sell-side analysts forecast that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, December 20th. Ferroglobe’s dividend payout ratio (DPR) is presently 20.83%.

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.