Ferroglobe PLC (NASDAQ:GSM) Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. decreased its holdings in Ferroglobe PLC (NASDAQ:GSM) by 31.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,004 shares of the basic materials company’s stock after selling 6,946 shares during the period. D Orazio & Associates Inc.’s holdings in Ferroglobe were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GSM. Grizzlyrock Capital LLC purchased a new stake in shares of Ferroglobe during the 4th quarter worth $19,467,000. Hosking Partners LLP lifted its position in shares of Ferroglobe by 29.8% during the 1st quarter. Hosking Partners LLP now owns 6,127,015 shares of the basic materials company’s stock worth $30,513,000 after purchasing an additional 1,407,079 shares during the last quarter. Tyro Capital Management LLC purchased a new stake in shares of Ferroglobe during the 4th quarter worth $7,228,000. Orchard Capital Management LLC purchased a new stake in shares of Ferroglobe during the 4th quarter worth $6,777,000. Finally, Appian Way Asset Management LP purchased a new stake in shares of Ferroglobe during the 4th quarter worth $5,435,000. Institutional investors and hedge funds own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Ferroglobe Stock Performance

GSM traded down $0.04 on Friday, reaching $5.78. The company had a trading volume of 114,174 shares, compared to its average volume of 1,406,802. Ferroglobe PLC has a 1 year low of $4.26 and a 1 year high of $6.78. The stock has a market capitalization of $1.08 billion, a PE ratio of 17.12 and a beta of 1.87. The company has a quick ratio of 1.02, a current ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $5.68 and a 200-day moving average price of $5.36.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were given a $0.013 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.05 dividend on an annualized basis and a yield of 0.90%. Ferroglobe’s dividend payout ratio (DPR) is presently 14.71%.

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.