First Eagle Investment Management LLC Buys 127,795 Shares of Ferroglobe PLC (NASDAQ:GSM)

First Eagle Investment Management LLC raised its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 8.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,620,155 shares of the basic materials company’s stock after buying an additional 127,795 shares during the quarter. First Eagle Investment Management LLC owned about 0.86% of Ferroglobe worth $8,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GSM. 1492 Capital Management LLC grew its holdings in shares of Ferroglobe by 4.9% during the fourth quarter. 1492 Capital Management LLC now owns 247,510 shares of the basic materials company’s stock worth $1,611,000 after purchasing an additional 11,651 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Ferroglobe during the fourth quarter valued at about $109,000. Saxon Interests Inc. bought a new stake in Ferroglobe during the first quarter worth about $172,000. Chesapeake Capital Corp IL purchased a new position in shares of Ferroglobe in the 4th quarter worth about $229,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Ferroglobe during the 4th quarter valued at about $247,000. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Trading Down 1.0 %

Shares of GSM traded down $0.06 during mid-day trading on Friday, reaching $5.76. The company’s stock had a trading volume of 199,376 shares, compared to its average volume of 1,407,419. Ferroglobe PLC has a 52 week low of $4.26 and a 52 week high of $6.78. The stock has a market cap of $1.08 billion, a PE ratio of 17.00 and a beta of 1.87. The company’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.36. The company has a current ratio of 1.74, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02.

Ferroglobe Dividend Announcement

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

Analyst Ratings Changes

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

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.