Point72 Asset Management L.P. Has $1.85 Million Stock Position in Ferroglobe PLC (NASDAQ:GSM)

Point72 Asset Management L.P. lifted its stake in Ferroglobe PLC (NASDAQ:GSM) by 1,180.4% during the 3rd quarter, Holdings Channel reports. The firm owned 399,500 shares of the basic materials company’s stock after acquiring an additional 368,300 shares during the period. Point72 Asset Management L.P.’s holdings in Ferroglobe were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Legacy Capital Group California Inc. bought a new position in Ferroglobe during the second quarter worth about $60,000. Banco Santander S.A. acquired a new stake in shares of Ferroglobe in the 2nd quarter valued at approximately $80,000. Vanguard Personalized Indexing Management LLC boosted its stake 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 acquiring an additional 4,480 shares during the last quarter. Quarry LP acquired a new position in Ferroglobe during the second quarter valued at approximately $84,000. Finally, nVerses Capital LLC bought a new stake in Ferroglobe in the second quarter valued at approximately $95,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Ferroglobe Trading Up 0.9 %

Shares of NASDAQ GSM opened at $4.30 on Tuesday. Ferroglobe PLC has a twelve month low of $3.99 and a twelve month high of $6.78. The stock has a market cap of $805.95 million, a price-to-earnings ratio of 17.92 and a beta of 1.86. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $4.39 and its 200-day moving average is $4.82.

Ferroglobe (NASDAQ:GSM) last posted its earnings results 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). Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. The business had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be given a $0.013 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.21%. Ferroglobe’s dividend payout ratio 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.