Ferroglobe PLC (GSM) is Clearline Capital LP’s 4th Largest Position

Clearline Capital LP boosted its holdings in Ferroglobe PLC (NASDAQ:GSM) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 763,753 shares of the basic materials company’s stock after acquiring an additional 53,370 shares during the quarter. Ferroglobe accounts for 6.4% of Clearline Capital LP’s portfolio, making the stock its 4th largest position. Clearline Capital LP’s holdings in Ferroglobe were worth $12,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its position in Ferroglobe by 108.3% in the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 5,400 shares during the period. Invictus RG bought a new position in Ferroglobe during the 3rd quarter valued at $146,000. Caxton Associates LP bought a new position in Ferroglobe during the 3rd quarter valued at $151,000. Oppenheimer & Co. Inc. boosted its stake in Ferroglobe by 30.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 3,725 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Ferroglobe by 77.1% during the 3rd quarter. Quantbot Technologies LP now owns 15,913 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 6,926 shares in the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.

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A number of equities analysts have issued reports on the company. BidaskClub raised Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Stifel Nicolaus set a $23.00 price target on Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. ValuEngine lowered Ferroglobe from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Ferroglobe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 28th. Finally, B. Riley reaffirmed a “buy” rating and set a $20.00 price target (up from $16.00) on shares of Ferroglobe in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Ferroglobe has a consensus rating of “Hold” and an average target price of $19.50.

Ferroglobe PLC (NASDAQ:GSM) opened at $16.22 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.09 and a current ratio of 1.80. The stock has a market capitalization of $2,799.25, a price-to-earnings ratio of 125.31 and a beta of 1.35. Ferroglobe PLC has a one year low of $8.54 and a one year high of $17.61.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, February 26th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $468.22 million for the quarter, compared to the consensus estimate of $463.41 million. Ferroglobe had a net margin of 1.45% and a return on equity of 2.32%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. equities research analysts predict that Ferroglobe PLC will post 1.25 earnings per share for the current year.

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About Ferroglobe

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.

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Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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