Ferroglobe PLC (NASDAQ:GSM) Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,380 shares of the basic materials company’s stock after buying an additional 14,849 shares during the period. Boston Partners owned approximately 0.11% of Ferroglobe worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Ferroglobe during the 4th quarter worth approximately $37,000. Raymond James Financial Inc. acquired a new stake in shares of Ferroglobe during the 4th quarter worth approximately $42,000. Barclays PLC acquired a new stake in shares of Ferroglobe during the 3rd quarter worth approximately $44,000. New York State Common Retirement Fund increased its holdings in shares of Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock worth $84,000 after buying an additional 7,271 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Ferroglobe during the 4th quarter worth approximately $96,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have 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 downgraded shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

Ferroglobe Stock Down 6.1 %

Ferroglobe stock opened at $3.82 on Friday. Ferroglobe PLC has a fifty-two week low of $3.23 and a fifty-two week high of $6.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The firm has a 50 day moving average price of $3.87 and a 200 day moving average price of $4.12. The company has a market capitalization of $717.72 million, a PE ratio of 191.00 and a beta of 1.89.

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, beating 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 firm had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. Research analysts expect 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 will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be paid a $0.014 dividend. This is an increase from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.47%. Ferroglobe’s payout ratio is 250.00%.

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.