Counterpoint Mutual Funds LLC Has $124,000 Stake in Ferroglobe PLC (NASDAQ:GSM)

Counterpoint Mutual Funds LLC decreased its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 34.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,857 shares of the basic materials company’s stock after selling 13,144 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Ferroglobe were worth $124,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Orchard Capital Management LLC acquired a new position in shares of Ferroglobe during the 4th quarter valued at about $6,777,000. Grizzlyrock Capital LLC acquired a new stake in Ferroglobe in the 4th quarter valued at approximately $19,467,000. Masters Capital Management LLC grew its holdings in Ferroglobe by 9.8% in the 4th quarter. Masters Capital Management LLC now owns 2,300,000 shares of the basic materials company’s stock valued at $14,973,000 after buying an additional 205,000 shares during the last quarter. Appian Way Asset Management LP acquired a new stake in Ferroglobe in the 4th quarter valued at approximately $5,435,000. Finally, Tyro Capital Management LLC acquired a new stake in Ferroglobe in the 4th quarter valued at approximately $7,228,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Ferroglobe Stock Performance

Shares of GSM stock traded up $0.05 during mid-day trading on Wednesday, reaching $5.26. The stock had a trading volume of 523,629 shares, compared to its average volume of 1,473,659. The firm’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $5.45. The company has a quick ratio of 1.02, a current ratio of 1.74 and a debt-to-equity ratio of 0.02. Ferroglobe PLC has a one year low of $4.26 and a one year high of $6.78. The firm has a market cap of $985.88 million, a PE ratio of 15.47 and a beta of 1.89.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 17th will be given a $0.013 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.99%. Ferroglobe’s dividend payout ratio is currently 14.71%.

Analyst Ratings Changes

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a report on Monday, May 20th.

Ferroglobe 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.