Quadrature Capital Ltd Has $66,000 Stock Position in Ferroglobe PLC (NASDAQ:GSM)

Quadrature Capital Ltd lowered its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 65.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,197 shares of the basic materials company’s stock after selling 27,485 shares during the period. Quadrature Capital Ltd’s holdings in Ferroglobe were worth $66,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hosking Partners LLP increased its holdings in Ferroglobe by 48.7% in the 2nd quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock worth $48,824,000 after purchasing an additional 2,981,907 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Ferroglobe by 15.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock worth $40,849,000 after purchasing an additional 1,003,918 shares in the last quarter. Old West Investment Management LLC increased its holdings in Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Bank of Montreal Can increased its holdings in Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after purchasing an additional 2,442,507 shares in the last quarter. Finally, Thomist Capital Management LP increased its holdings in Ferroglobe by 159.3% in the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock worth $18,031,000 after purchasing an additional 1,924,879 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Price Performance

Shares of GSM opened at $4.29 on Friday. Ferroglobe PLC has a 12-month low of $3.99 and a 12-month high of $6.78. The business has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $4.80. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market cap of $804.09 million, a PE ratio of 17.88 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $433.53 million during the quarter, compared to analyst estimates of $443.50 million. Ferroglobe had a return on equity of 7.55% and a net margin of 2.74%. During the same period in the previous year, the company earned $0.27 EPS.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a $0.013 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.05 annualized dividend and a dividend yield of 1.21%. Ferroglobe’s payout ratio is 20.83%.

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.