Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Ferroglobe (NASDAQ:GSM) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,552,888 shares of the basic materials company’s stock after selling 83,950 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.81% of Ferroglobe worth $70,313,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in Ferroglobe by 0.9% during the fourth quarter. California Public Employees Retirement System now owns 435,800 shares of the basic materials company’s stock worth $7,060,000 after acquiring an additional 3,700 shares during the last quarter. PEAK6 Investments L.P. boosted its holdings in shares of Ferroglobe by 107.8% in the 4th quarter. PEAK6 Investments L.P. now owns 19,705 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 10,221 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Ferroglobe in the 1st quarter valued at $110,000. Clinton Group Inc. acquired a new position in shares of Ferroglobe in the 1st quarter valued at $116,000. Finally, Trexquant Investment LP acquired a new position in shares of Ferroglobe in the 1st quarter valued at $125,000. Hedge funds and other institutional investors own 44.02% of the company’s stock.
A number of equities analysts have weighed in on GSM shares. BidaskClub lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. JPMorgan Chase & Co. upgraded shares of Ferroglobe from a “neutral” rating to an “overweight” rating in a report on Monday, March 26th. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Jefferies Financial Group set a $19.00 target price on shares of Ferroglobe and gave the company a “buy” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.50.
Shares of Ferroglobe opened at $9.08 on Wednesday, MarketBeat.com reports. Ferroglobe has a 52 week low of $8.75 and a 52 week high of $17.61. The company has a current ratio of 1.54, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.55 billion, a PE ratio of 69.85 and a beta of 1.60.
Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, May 21st. The basic materials company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Ferroglobe had a net margin of 3.59% and a return on equity of 6.86%. The business had revenue of $560.70 million for the quarter, compared to the consensus estimate of $559.12 million. equities analysts expect that Ferroglobe will post 0.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, June 7th. Ferroglobe’s dividend payout ratio is presently 184.62%.
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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