Ferroglobe PLC (NASDAQ:GSM) Stock Holdings Lifted by West Tower Group LLC

West Tower Group LLC lifted its position in Ferroglobe PLC (NASDAQ:GSM) by 3.8% in the 3rd quarter, Holdings Channel reports. The fund owned 137,291 shares of the basic materials company’s stock after buying an additional 5,000 shares during the period. Ferroglobe makes up approximately 1.4% of West Tower Group LLC’s investment portfolio, making the stock its 19th biggest holding. West Tower Group LLC’s holdings in Ferroglobe were worth $637,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hosking Partners LLP grew its stake in Ferroglobe by 48.7% during the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after acquiring an additional 2,981,907 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Ferroglobe by 15.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock worth $40,849,000 after purchasing an additional 1,003,918 shares during the period. Old West Investment Management LLC grew its position in Ferroglobe by 233.4% during the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Bank of Montreal Can increased its stake in Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after buying an additional 2,442,507 shares during the period. Finally, Thomist Capital Management LP increased its stake in Ferroglobe by 159.3% in the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after buying an additional 1,924,879 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Stock Performance

Shares of NASDAQ GSM opened at $4.39 on Tuesday. 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 PLC has a one year low of $3.99 and a one year high of $6.78. The business’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $4.93. The company has a market capitalization of $822.84 million, a P/E ratio of 18.29 and a beta of 1.88.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results 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 firm had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same period in the previous year, the firm posted $0.27 EPS. Analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.18%. Ferroglobe’s dividend payout ratio (DPR) is 20.83%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Ferroglobe 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.