Walleye Capital LLC Has $2.57 Million Stock Position in Ferroglobe PLC (NASDAQ:GSM)

Walleye Capital LLC lessened its holdings in Ferroglobe PLC (NASDAQ:GSM) by 39.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 554,107 shares of the basic materials company’s stock after selling 368,416 shares during the quarter. Walleye Capital LLC’s holdings in Ferroglobe were worth $2,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ARS Investment Partners LLC raised its stake in shares of Ferroglobe by 6.2% during the second quarter. ARS Investment Partners LLC now owns 69,000 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 4,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Ferroglobe by 40.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 4,480 shares during the last quarter. West Tower Group LLC raised its position in Ferroglobe by 3.8% during the 3rd quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 5,000 shares during the last quarter. Kathmere Capital Management LLC grew its position in shares of Ferroglobe by 22.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 31,901 shares of the basic materials company’s stock valued at $171,000 after buying an additional 5,822 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in shares of Ferroglobe by 41.4% in the 2nd quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company’s stock valued at $112,000 after buying an additional 6,091 shares during the last quarter. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Performance

NASDAQ GSM opened at $4.40 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $4.87. Ferroglobe PLC has a 12-month low of $3.99 and a 12-month high of $6.78. The company has a market cap of $824.69 million, a P/E ratio of 18.33 and a beta of 1.86.

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

Ferroglobe Announces Dividend

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

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.

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.