294,900 Shares in Ferroglobe PLC $GSM Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in shares of Ferroglobe PLC (NASDAQ:GSM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 294,900 shares of the basic materials company’s stock, valued at approximately $1,082,000.

Several other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new position in shares of Ferroglobe during the 1st quarter worth about $38,000. R Squared Ltd acquired a new position in Ferroglobe in the second quarter valued at about $38,000. Virtu Financial LLC acquired a new stake in shares of Ferroglobe during the first quarter worth about $46,000. Irenic Capital Management LP acquired a new stake in shares of Ferroglobe during the first quarter worth about $60,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Ferroglobe by 19.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,474 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 2,838 shares in the last quarter. 89.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

GSM has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ferroglobe in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ferroglobe presently has a consensus rating of “Reduce”.

Ferroglobe Price Performance

Shares of NASDAQ GSM opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 0.98. The business has a 50-day moving average of $4.62 and a 200-day moving average of $4.22. The stock has a market capitalization of $733.44 million, a price-to-earnings ratio of -6.89 and a beta of 1.83. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $5.74.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $311.70 million for the quarter, compared to the consensus estimate of $393.80 million. Ferroglobe had a negative return on equity of 2.85% and a negative net margin of 6.99%. As a group, sell-side analysts predict that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 22nd will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, December 22nd. Ferroglobe’s payout ratio is currently -8.77%.

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.