Barrow Hanley Mewhinney & Strauss LLC Sells 316,488 Shares of Ferroglobe PLC (NASDAQ:GSM)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,262,029 shares of the basic materials company’s stock after selling 316,488 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 3.87% of Ferroglobe worth $27,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in 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 valued at $15,958,000 after purchasing an additional 2,442,507 shares during the period. Maverick Capital Ltd. grew its position in Ferroglobe by 60.3% during the third quarter. Maverick Capital Ltd. now owns 369,540 shares of the basic materials company’s stock worth $1,715,000 after buying an additional 139,002 shares in the last quarter. HighTower Advisors LLC increased its stake in Ferroglobe by 78.1% during the 3rd quarter. HighTower Advisors LLC now owns 28,103 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 12,326 shares during the period. Point72 Asset Management L.P. raised its holdings in Ferroglobe by 1,180.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 399,500 shares of the basic materials company’s stock valued at $1,854,000 after acquiring an additional 368,300 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Ferroglobe by 1.6% during the 3rd quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after acquiring an additional 2,615 shares during the period. 89.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GSM has been the subject of a number of analyst reports. Seaport Res Ptn downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. StockNews.com downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

Ferroglobe Price Performance

Shares of GSM stock opened at $3.64 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The company has a market cap of $683.90 million, a P/E ratio of 182.00 and a beta of 1.89. Ferroglobe PLC has a twelve month low of $3.23 and a twelve month high of $6.19. The business has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $4.10.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. On average, sell-side analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a dividend of $0.014 per share. The ex-dividend date was Thursday, March 20th. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.54%. Ferroglobe’s dividend payout ratio (DPR) is currently 250.00%.

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.