Arena Capital Advisors LLC CA Increases Stake in Ferroglobe PLC (NASDAQ:GSM)

Arena Capital Advisors LLC CA lifted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,000 shares of the basic materials company’s stock after buying an additional 30,000 shares during the quarter. Ferroglobe comprises about 1.0% of Arena Capital Advisors LLC CA’s holdings, making the stock its 3rd largest position. Arena Capital Advisors LLC CA’s holdings in Ferroglobe were worth $836,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Hosking Partners LLP raised its holdings in shares of Ferroglobe by 1.8% during the fourth quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company’s stock valued at $34,216,000 after purchasing an additional 159,845 shares during the period. Bank of Montreal Can boosted its holdings in Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after acquiring an additional 2,442,507 shares in the last quarter. Royce & Associates LP grew its stake in Ferroglobe by 24.2% in the fourth quarter. Royce & Associates LP now owns 3,387,958 shares of the basic materials company’s stock valued at $12,874,000 after acquiring an additional 660,980 shares during the period. Old West Investment Management LLC increased its holdings in shares of Ferroglobe by 158.0% during the third quarter. Old West Investment Management LLC now owns 2,908,501 shares of the basic materials company’s stock valued at $13,495,000 after acquiring an additional 1,781,024 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Ferroglobe by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 2,030,772 shares of the basic materials company’s stock worth $7,717,000 after purchasing an additional 197,317 shares during the period. Institutional investors own 89.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GSM. Seaport Res Ptn cut shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $4.03 on Friday. The company’s fifty day moving average price is $3.86 and its 200-day moving average price is $4.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.00. The firm has a market capitalization of $757.18 million, a price-to-earnings ratio of 201.50 and a beta of 1.89. Ferroglobe PLC has a one year low of $3.23 and a one year high of $6.19.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The business had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. On average, equities research analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, March 20th. This represents a $0.06 annualized dividend and a yield of 1.39%. This is a positive change from Ferroglobe’s previous quarterly dividend of $0.01. Ferroglobe’s dividend payout ratio is currently 250.00%.

Ferroglobe Company Profile

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.