Rpo LLC Invests $53,000 in Ferroglobe PLC (NASDAQ:GSM)

Rpo LLC purchased a new stake in Ferroglobe PLC (NASDAQ:GSM) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,979 shares of the basic materials company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Ferroglobe during the 4th quarter valued at about $37,000. Raymond James Financial Inc. bought a new stake in shares of Ferroglobe during the fourth quarter worth approximately $42,000. LPL Financial LLC acquired a new position in Ferroglobe in the fourth quarter valued at approximately $42,000. Barclays PLC bought a new position in Ferroglobe in the third quarter valued at approximately $44,000. Finally, Quantbot Technologies LP acquired a new stake in Ferroglobe during the 4th quarter worth $77,000. 89.64% of the stock is currently owned by institutional investors and hedge funds.

Ferroglobe Stock Performance

Shares of NASDAQ:GSM opened at $3.74 on Thursday. The firm’s 50 day simple moving average is $3.82 and its 200 day simple moving average is $4.09. Ferroglobe PLC has a fifty-two week low of $3.23 and a fifty-two week high of $6.19. The company has a market capitalization of $702.69 million, a price-to-earnings ratio of 187.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00.

Ferroglobe (NASDAQ:GSM) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $367.51 million for the quarter, compared to analyst estimates of $393.00 million. As a group, sell-side analysts forecast that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th were issued a $0.014 dividend. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 20th. Ferroglobe’s dividend payout ratio is 250.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Seaport Res Ptn downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. StockNews.com lowered Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

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.