Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Maven Securities LTD

Maven Securities LTD trimmed its position in Ferroglobe PLC (NASDAQ:GSM) by 69.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,513 shares of the basic materials company’s stock after selling 661,185 shares during the period. Maven Securities LTD owned approximately 0.16% of Ferroglobe worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GSM. Virtu Financial LLC bought a new position in Ferroglobe during the first quarter valued at about $53,000. First Hawaiian Bank acquired a new position in shares of Ferroglobe in the 2nd quarter worth approximately $411,000. ARS Investment Partners LLC lifted its stake in Ferroglobe by 6.2% during the second quarter. ARS Investment Partners LLC now owns 69,000 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 4,000 shares during the last quarter. Legacy Capital Group California Inc. acquired a new stake in Ferroglobe during the second quarter valued at approximately $60,000. Finally, Banco Santander S.A. bought a new stake in Ferroglobe during the second quarter worth approximately $80,000. 89.64% of the stock is owned by institutional investors.

Ferroglobe Stock Performance

Shares of Ferroglobe stock opened at $4.40 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $824.69 million, a PE ratio of 18.33 and a beta of 1.86. The business has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.87. Ferroglobe PLC has a 12 month low of $3.99 and a 12 month high of $6.78.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share 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 analyst estimates of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same period in the previous year, the company earned $0.27 earnings per share. On average, sell-side analysts anticipate that Ferroglobe PLC will post 0.28 EPS for the current fiscal year.

Ferroglobe Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.