Ferroglobe PLC (NASDAQ:GSM) Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,380 shares of the basic materials company’s stock after purchasing an additional 14,849 shares during the period. Boston Partners’ holdings in Ferroglobe were worth $815,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. 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 worth $757,000 after purchasing an additional 2,615 shares during the last quarter. West Tower Group LLC lifted its position in shares of Ferroglobe by 3.8% during the 3rd quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 5,000 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 7,271 shares during the last quarter. Barclays PLC purchased a new stake in shares of Ferroglobe during the 3rd quarter worth $44,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Ferroglobe during the 4th quarter worth $37,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Price Performance

Shares of GSM opened at $3.82 on Friday. Ferroglobe PLC has a 1-year low of $3.23 and a 1-year high of $6.19. The stock has a market cap of $717.72 million, a PE ratio of 191.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The firm has a fifty day moving average price of $3.87 and a 200 day moving average price of $4.12.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The firm had revenue of $367.51 million during the quarter, compared to analysts’ expectations of $393.00 million. As a group, sell-side analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be paid a $0.014 dividend. The ex-dividend date is Thursday, March 20th. This is a positive change from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.47%. Ferroglobe’s payout ratio is currently 250.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GSM shares. StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Seaport Res Ptn cut shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th.

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.