Royce & Associates LP Buys 94,260 Shares of Ferroglobe PLC (NASDAQ:GSM)

Royce & Associates LP increased its stake in Ferroglobe PLC (NASDAQ:GSM) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,726,978 shares of the basic materials company’s stock after purchasing an additional 94,260 shares during the period. Royce & Associates LP owned approximately 1.45% of Ferroglobe worth $12,653,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Ferroglobe by 266.1% during the first quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,864 shares during the period. Virtu Financial LLC bought a new position in Ferroglobe in the first quarter worth $53,000. Legacy Capital Group California Inc. bought a new position in Ferroglobe in the second quarter worth $60,000. Hood River Capital Management LLC bought a new position in Ferroglobe in the first quarter worth $73,000. Finally, Banco Santander S.A. bought a new position in Ferroglobe in the second quarter worth $80,000. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $4.23 on Friday. Ferroglobe PLC has a 1-year low of $3.99 and a 1-year high of $6.78. The business has a fifty day moving average price of $4.35 and a 200-day moving average price of $4.97. The company has a market capitalization of $792.85 million, a PE ratio of 17.63 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same quarter in the previous year, the business posted $0.27 earnings per share. As a group, equities analysts expect that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be given a $0.013 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.05 annualized dividend and a yield of 1.23%. Ferroglobe’s payout ratio is 20.83%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ferroglobe from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th.

Ferroglobe Company 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.