Wolf Hill Capital Management LP Decreases Stock Holdings in Ferroglobe PLC $GSM

Wolf Hill Capital Management LP reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 60.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,533,069 shares of the basic materials company’s stock after selling 2,385,163 shares during the period. Ferroglobe comprises approximately 0.8% of Wolf Hill Capital Management LP’s portfolio, making the stock its 18th largest position. Wolf Hill Capital Management LP’s holdings in Ferroglobe were worth $7,113,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Ferroglobe by 22.0% during the 4th quarter. SG Americas Securities LLC now owns 14,509 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 2,617 shares during the last quarter. Covestor Ltd lifted its position in shares of Ferroglobe by 23.2% during the 4th quarter. Covestor Ltd now owns 14,160 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,670 shares during the last quarter. Spire Wealth Management lifted its position in shares of Ferroglobe by 49.0% during the 4th quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 2,740 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Ferroglobe by 66.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 3,146 shares during the last quarter. Finally, R Squared Ltd lifted its position in shares of Ferroglobe by 35.8% during the 3rd quarter. R Squared Ltd now owns 13,941 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 3,677 shares during the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ferroglobe

In related news, Director De Fuentes Silvia Villar-Mir purchased 26,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of $3.86 per share, for a total transaction of $100,360.00. Following the purchase, the director directly owned 121,226 shares of the company’s stock, valued at $467,932.36. The trade was a 27.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Madrid Javier Lopez purchased 26,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of $3.86 per share, for a total transaction of $100,360.00. Following the completion of the purchase, the chairman directly owned 147,200 shares in the company, valued at $568,192. This represents 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 Price Performance

Shares of NASDAQ:GSM opened at $4.09 on Monday. The company’s fifty day moving average price is $4.24 and its 200 day moving average price is $4.56. Ferroglobe PLC has a 12 month low of $3.51 and a 12 month high of $5.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.43 and a quick ratio of 0.80. The firm has a market capitalization of $763.30 million, a P/E ratio of -6.82 and a beta of 1.00.

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

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 22nd will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 22nd. Ferroglobe’s dividend payout ratio (DPR) is currently -10.00%.

Wall Street Analyst Weigh In

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

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.