Ferroglobe PLC (NASDAQ:GSM) Stock Holdings Boosted by West Tower Group LLC

West Tower Group LLC boosted its position in Ferroglobe PLC (NASDAQ:GSM) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,291 shares of the basic materials company’s stock after purchasing an additional 5,000 shares during the quarter. Ferroglobe comprises 1.4% of West Tower Group LLC’s holdings, making the stock its 19th biggest position. West Tower Group LLC owned approximately 0.07% of Ferroglobe worth $637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake 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 acquiring an additional 2,442,507 shares in the last quarter. Royce & Associates LP raised its stake 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 purchasing an additional 94,260 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Ferroglobe by 26.8% during the third quarter. GSA Capital Partners LLP now owns 114,691 shares of the basic materials company’s stock valued at $532,000 after purchasing an additional 24,245 shares in the last quarter. Old West Investment Management LLC lifted its holdings in 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 worth $17,439,000 after purchasing an additional 2,631,024 shares during the period. Finally, Donald Smith & CO. Inc. bought a new position in Ferroglobe in the 3rd quarter valued at about $2,900,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ferroglobe Stock Performance

GSM opened at $4.39 on Tuesday. The business has a 50 day moving average price of $4.39 and a two-hundred day moving average price of $4.93. 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 capitalization of $822.84 million, a price-to-earnings ratio of 18.29 and a beta of 1.88. Ferroglobe PLC has a 1-year low of $3.99 and a 1-year high of $6.78.

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

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a $0.013 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.18%. Ferroglobe’s dividend payout ratio is currently 20.83%.

Ferroglobe Company 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.