Cooper Creek Partners Management LLC Buys 291,201 Shares of Ferroglobe PLC (NASDAQ:GSM)

Cooper Creek Partners Management LLC lifted its position in Ferroglobe PLC (NASDAQ:GSM) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,990,483 shares of the basic materials company’s stock after acquiring an additional 291,201 shares during the quarter. Ferroglobe makes up approximately 1.8% of Cooper Creek Partners Management LLC’s portfolio, making the stock its 20th largest position. Cooper Creek Partners Management LLC owned about 0.08% of Ferroglobe worth $56,964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GSM. Heck Capital Advisors LLC purchased a new stake in shares of Ferroglobe during the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. bought a new position in Ferroglobe in the 4th quarter valued at $42,000. LPL Financial LLC purchased a new stake in shares of Ferroglobe during the 4th quarter valued at $42,000. Barclays PLC bought a new stake in shares of Ferroglobe during the 3rd quarter worth $44,000. Finally, RPO LLC purchased a new position in shares of Ferroglobe in the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Performance

Shares of GSM opened at $3.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The firm has a market cap of $621.90 million, a PE ratio of 165.50 and a beta of 1.58. Ferroglobe PLC has a 1 year low of $2.97 and a 1 year high of $6.19. The stock’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $4.03.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. On average, equities research analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 20th were issued a $0.014 dividend. The ex-dividend date was Thursday, March 20th. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.69%. Ferroglobe’s dividend payout ratio (DPR) is 250.00%.

Analyst Ratings Changes

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

Ferroglobe Company 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.