D Orazio & Associates Inc. Sells 4,333 Shares of Ferroglobe PLC (NASDAQ:GSM)

D Orazio & Associates Inc. cut its holdings in Ferroglobe PLC (NASDAQ:GSM) by 28.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,671 shares of the basic materials company’s stock after selling 4,333 shares during the period. D Orazio & Associates Inc.’s holdings in Ferroglobe were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GSM. Cowen AND Company LLC bought a new position in shares of Ferroglobe during the second quarter valued at about $2,787,000. Caprock Group LLC bought a new position in shares of Ferroglobe during the second quarter valued at about $343,000. Acadian Asset Management LLC bought a new position in shares of Ferroglobe during the second quarter valued at about $518,000. Ritholtz Wealth Management raised its stake in shares of Ferroglobe by 64.1% during the second quarter. Ritholtz Wealth Management now owns 200,990 shares of the basic materials company’s stock valued at $1,077,000 after acquiring an additional 78,509 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Ferroglobe during the second quarter valued at about $95,000. 89.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 opened at $4.14 on Friday. Ferroglobe PLC has a 1 year low of $4.07 and a 1 year high of $6.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 0.91. The company’s 50-day moving average is $4.92 and its 200 day moving average is $5.12. The stock has a market capitalization of $775.98 million, a P/E ratio of 12.18 and a beta of 1.83.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. The company had revenue of $451.05 million for the quarter, compared to analysts’ expectations of $425.55 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, sell-side analysts expect that Ferroglobe PLC will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be given a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, September 20th. Ferroglobe’s dividend payout ratio is currently 14.71%.

About Ferroglobe

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.