272 Capital LP Sells 9,754 Shares of Ferroglobe PLC (NASDAQ:GSM)

272 Capital LP trimmed its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,501 shares of the basic materials company’s stock after selling 9,754 shares during the quarter. 272 Capital LP owned approximately 0.22% of Ferroglobe worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GSM. Barclays PLC acquired a new position in shares of Ferroglobe during the third quarter worth approximately $44,000. Old West Investment Management LLC lifted its position in shares of Ferroglobe by 158.0% during the third quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company’s stock worth $13,495,000 after purchasing an additional 1,781,024 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of Ferroglobe during the third quarter worth approximately $99,000. XTX Topco Ltd acquired a new position in Ferroglobe in the third quarter valued at approximately $150,000. Finally, State Street Corp lifted its holdings in Ferroglobe by 1.6% in the third quarter. State Street Corp now owns 163,238 shares of the basic materials company’s stock valued at $757,000 after buying an additional 2,615 shares during the period. 89.64% of the stock is owned by institutional investors.

Ferroglobe Trading Down 0.2 %

Shares of NASDAQ GSM opened at $4.29 on Friday. Ferroglobe PLC has a fifty-two week low of $3.99 and a fifty-two week high of $6.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The firm has a market capitalization of $804.07 million, a P/E ratio of 17.88 and a beta of 1.86. The company’s 50 day simple moving average is $4.37 and its 200 day simple moving average is $4.80.

Ferroglobe (NASDAQ:GSM) last issued its 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). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The firm had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. During the same period in the previous year, the company posted $0.27 EPS. On average, analysts predict that Ferroglobe PLC will post 0.28 EPS for the current year.

Ferroglobe Dividend Announcement

The company 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 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 20th. Ferroglobe’s payout ratio is presently 20.83%.

About Ferroglobe

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.