Maven Securities LTD Reduces Position in Ferroglobe PLC (NASDAQ:GSM)

Maven Securities LTD lessened its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 86.6% during the 4th quarter, HoldingsChannel reports. The fund owned 40,000 shares of the basic materials company’s stock after selling 257,513 shares during the quarter. Maven Securities LTD’s holdings in Ferroglobe were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC bought a new stake in shares of Ferroglobe during the 3rd quarter valued at $44,000. Heck Capital Advisors LLC bought a new stake in Ferroglobe in the 4th quarter valued at $37,000. Raymond James Financial Inc. bought a new stake in shares of Ferroglobe in the 4th quarter worth about $42,000. LPL Financial LLC bought a new stake in shares of Ferroglobe in the 4th quarter worth about $42,000. Finally, RPO LLC purchased a new position in shares of Ferroglobe during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Analyst Ratings Changes

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

Ferroglobe Price Performance

Ferroglobe stock opened at $3.88 on Thursday. The stock has a market cap of $724.11 million, a price-to-earnings ratio of 194.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $6.19. The firm has a 50-day moving average of $3.63 and a two-hundred day moving average of $3.89.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.08). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $307.18 million during the quarter, compared to analysts’ expectations of $336.00 million. On average, research analysts forecast that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Wednesday, June 18th will be given a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 annualized dividend and a dividend yield of 1.44%. Ferroglobe’s payout ratio is presently -15.15%.

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.