Banco Santander S.A. Buys Shares of 14,859 Ferroglobe PLC (NASDAQ:GSM)

Banco Santander S.A. purchased a new position in shares of Ferroglobe PLC (NASDAQ:GSM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,859 shares of the basic materials company’s stock, valued at approximately $80,000.

Other large investors also recently modified their holdings of the company. Grizzlyrock Capital LLC bought a new position in Ferroglobe during the fourth quarter worth about $19,467,000. Hosking Partners LLP boosted its holdings in Ferroglobe by 29.8% in the 1st quarter. Hosking Partners LLP now owns 6,127,015 shares of the basic materials company’s stock worth $30,513,000 after buying an additional 1,407,079 shares during the period. Tyro Capital Management LLC purchased a new position in Ferroglobe in the 4th quarter valued at approximately $7,228,000. Orchard Capital Management LLC bought a new stake in Ferroglobe during the 4th quarter valued at $6,777,000. Finally, Masters Capital Management LLC raised its holdings in Ferroglobe by 37.0% during the 1st quarter. Masters Capital Management LLC now owns 3,150,000 shares of the basic materials company’s stock valued at $15,687,000 after acquiring an additional 850,000 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Ferroglobe Price Performance

Shares of NASDAQ GSM remained flat at $4.41 during trading hours on Thursday. The company had a trading volume of 551,516 shares, compared to its average volume of 1,383,149. The business’s 50-day moving average is $5.14 and its 200-day moving average is $5.18. The stock has a market cap of $826.58 million, a P/E ratio of 12.97 and a beta of 1.87. Ferroglobe PLC has a 52 week low of $4.26 and a 52 week high of $6.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.02.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $451.05 million for the quarter, compared to analyst estimates of $425.55 million. Ferroglobe had a net margin of 3.92% and a return on equity of 15.06%. During the same quarter last year, the firm earned $0.30 EPS. As a group, sell-side analysts forecast that Ferroglobe PLC will post 0.24 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, September 20th. Ferroglobe’s dividend payout ratio (DPR) is presently 14.71%.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.