Ferroglobe PLC $GSM Stock Position Cut by Pekin Hardy Strauss Inc.

Posted by Stanley Muller on Nov 8th, 2026

Pekin Hardy Strauss Inc. lessened its holdings in Ferroglobe PLC (NASDAQ:GSM – Free Report) by 65.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,900 shares of the basic materials company’s stock after selling 207,500 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Ferroglobe were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Covestor Ltd increased its stake in Ferroglobe by 28.4% in the third quarter. Covestor Ltd now owns 22,418 shares of the basic materials company’s stock worth $89,000 after purchasing an additional 4,952 shares during the period. State of Wyoming boosted its stake in shares of Ferroglobe by 68.4% during the third quarter. State of Wyoming now owns 114,275 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 46,426 shares during the period. Abel Hall LLC bought a new position in shares of Ferroglobe in the third quarter worth about $61,000. SummerHaven Investment Management LLC bought a new position in shares of Ferroglobe in the third quarter worth about $530,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Ferroglobe in the second quarter worth about $544,000. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Price Performance

Shares of GSM stock opened at $2.56 on Friday. Ferroglobe PLC has a twelve month low of $2.50 and a twelve month high of $5.66. The stock has a market capitalization of $477.77 million, a price-to-earnings ratio of 16.00 and a beta of 1.21. The stock has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $4.18. The company has a current ratio of 1.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.05.

Ferroglobe (NASDAQ:GSM – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $369.76 million for the quarter, compared to analysts’ expectations of $382.80 million. Ferroglobe had a net margin of 2.13% and a negative return on equity of 5.15%. On average, analysts predict that Ferroglobe PLC will post -0.05 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 22nd will be issued a dividend of $0.0150 per share. This represents a $0.06 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, December 22nd. Ferroglobe’s dividend payout ratio is presently 37.50%.

Insider Transactions at Ferroglobe

In other Ferroglobe news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $4.30, for a total transaction of $138,855.60. Following the transaction, the insider owned 31,693 shares of the company’s stock, valued at approximately $136,279.90. This trade represents a 50.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on GSM shares. Jefferies Financial Group set a $5.00 price target on shares of Ferroglobe in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Ferroglobe in a research report on Monday, November 2nd. Needham & Company LLC set a $5.00 target price on shares of Ferroglobe in a research note on Friday. Finally, Wall Street Zen raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.33.

View Our Latest Stock Analysis on GSM

About Ferroglobe

(Free Report)

Ferroglobe PLC (NASDAQ:GSM) is a global producer of silicon and manganese-based alloys. The company manufactures silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloy products used in the production of steel, aluminum, silicones, solar materials and other industrial goods.

Ferroglobe also operates quartz resources and produces related raw materials used in its alloy manufacturing processes. Its products support several industries, including automotive, construction, energy, chemicals, electronics and renewable energy.