1 week Ago By ABMN Staff
Ferroglobe PLC ( NASDAQ:GSM – Get Free Report ) was down 8.5% during trading on Monday . The company traded as low as $3.
09 and last traded at $3.07. Approximately 2,504,545 shares traded hands during trading, an increase of 109% from the average daily volume of 1,197,254 shares.
The stock had previously closed at $3.35. Wall Street Analyst Weigh In Several research firms recently issued reports on GSM.
StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Seaport Res Ptn downgraded shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th.
Read Our Latest Stock Report on Ferroglobe Ferroglobe Stock Performance Ferroglobe ( NASDAQ:GSM – Get Free Report ) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.
01) by $0.04. The firm had revenue of $367.
51 million for the quarter, compared to analysts’ expectations of $393.00 million. Ferroglobe had a net margin of 0.
32% and a return on equity of 6.36%. On average, analysts anticipate that Ferroglobe PLC will post 0.
33 earnings per share for the current fiscal year. Ferroglobe Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were given a dividend of $0.
014 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.
82%. The ex-dividend date was Thursday, March 20th. This is an increase from Ferroglobe’s previous quarterly dividend of $0.
01. Ferroglobe’s dividend payout ratio is 250.00%.
Institutional Investors Weigh In On Ferroglobe Several large investors have recently bought and sold shares of GSM. Heck Capital Advisors LLC purchased a new position in Ferroglobe in the 4th quarter valued at $37,000. Wexford Capital LP acquired a new position in Ferroglobe during the fourth quarter worth about $552,000.
State of Wyoming raised its holdings in Ferroglobe by 165.3% in the 4th quarter. State of Wyoming now owns 122,523 shares of the basic materials company’s stock valued at $466,000 after acquiring an additional 76,337 shares during the last quarter.
OMERS ADMINISTRATION Corp purchased a new position in Ferroglobe in the 4th quarter worth approximately $592,000. Finally, Lloyd Harbor Capital Management LLC purchased a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $5,605,000. 89.
64% of the stock is currently owned by hedge funds and other institutional investors. Ferroglobe Company Profile ( Get 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.
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