1 day Ago By ABMN Staff
Acadian Asset Management LLC purchased a new stake in shares of Ferroglobe PLC ( NASDAQ:GSM – Free Report ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 96,752 shares of the basic materials company’s stock, valued at approximately $518,000. Acadian Asset Management LLC owned about 0.
05% of Ferroglobe at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 stake in Ferroglobe during the 1st quarter valued at about $53,000.
Legacy Capital Group California Inc. purchased a new stake in Ferroglobe in the 2nd quarter valued at about $60,000. Hood River Capital Management LLC bought a new position in Ferroglobe in the 1st quarter worth about $73,000.
Finally, Banco Santander S.A. purchased a new position in shares of Ferroglobe during the second quarter worth approximately $80,000.
89.64% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Separately, StockNews.
com upgraded Ferroglobe from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Ferroglobe Stock Performance Shares of Ferroglobe stock opened at $4.20 on Thursday.
The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.
02. The stock’s fifty day moving average price is $4.80 and its 200-day moving average price is $5.
11. The firm has a market cap of $787.22 million, a P/E ratio of 12.
35 and a beta of 1.83. Ferroglobe PLC has a 12 month low of $4.
07 and a 12 month high of $6.78. Ferroglobe ( NASDAQ:GSM – Get Free Report ) last posted its earnings results on Monday, August 5th.
The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.
05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.
27%. The business had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.
55 million. During the same quarter last year, the firm posted $0.30 EPS.
On average, equities research analysts expect that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year. Ferroglobe Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th.
Shareholders of record on Friday, September 20th will be given a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, September 20th.
This represents a $0.05 annualized dividend and a yield of 1.24%.
Ferroglobe’s dividend payout ratio (DPR) is presently 14.71%. Ferroglobe Company Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter .
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