1,297,552 Shares in Ferroglobe PLC $GSM Bought by Man Investment Partners US LP

Man Investment Partners US LP bought a new position in shares of Ferroglobe PLC (NASDAQ:GSM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,297,552 shares of the basic materials company’s stock, valued at approximately $6,021,000. Ferroglobe comprises 9.4% of Man Investment Partners US LP’s portfolio, making the stock its 2nd biggest position. Man Investment Partners US LP owned about 0.70% of Ferroglobe at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GSM. California State Teachers Retirement System bought a new position in shares of Ferroglobe during the second quarter worth $27,000. Quadrant Capital Group LLC boosted its position in shares of Ferroglobe by 66.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 3,146 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Ferroglobe by 1,017,300.0% during the second quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 10,173 shares during the last quarter. Spire Wealth Management boosted its position in shares of Ferroglobe by 49.0% during the fourth quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 2,740 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Ferroglobe during the fourth quarter worth $46,000. Institutional investors own 89.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ferroglobe has a consensus rating of “Hold” and an average price target of $6.00.

Ferroglobe Price Performance

GSM stock opened at $3.84 on Wednesday. Ferroglobe PLC has a 52 week low of $3.51 and a 52 week high of $5.74. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $4.56. The firm has a market capitalization of $716.66 million, a P/E ratio of -6.40 and a beta of 1.00.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Tuesday, March 31st. The basic materials company reported ($0.07) EPS for the quarter. Ferroglobe had a negative net margin of 8.09% and a negative return on equity of 5.63%. The business had revenue of $347.75 million for the quarter. Analysts anticipate that Ferroglobe PLC will post -0.09 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.015 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.06 annualized dividend and a yield of 1.6%. Ferroglobe’s dividend payout ratio (DPR) is -10.00%.

Insider Buying and Selling at Ferroglobe

In other Ferroglobe news, Director De Fuentes Silvia Villar-Mir acquired 26,000 shares of the stock in a transaction on Monday, March 23rd. The stock was acquired at an average price of $3.86 per share, for a total transaction of $100,360.00. Following the completion of the transaction, the director directly owned 121,226 shares of the company’s stock, valued at $467,932.36. This trade represents a 27.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Madrid Javier Lopez acquired 26,000 shares of the stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of $3.86 per share, with a total value of $100,360.00. Following the transaction, the chairman directly owned 147,200 shares of the company’s stock, valued at $568,192. The trade was a 21.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 13.07% of the stock is owned by company insiders.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.