Ferroglobe PLC (NASDAQ:GSM) Stake Trimmed by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in Ferroglobe PLC (NASDAQ:GSM) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,262,029 shares of the basic materials company’s stock after selling 316,488 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.87% of Ferroglobe worth $27,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GSM. Barclays PLC purchased a new position in Ferroglobe in the 3rd quarter worth about $44,000. Heck Capital Advisors LLC acquired a new stake in Ferroglobe during the 4th quarter valued at $37,000. State of New Jersey Common Pension Fund D acquired a new stake in Ferroglobe during the 4th quarter valued at $96,000. New York State Common Retirement Fund lifted its holdings in shares of Ferroglobe by 48.9% in the fourth quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 7,271 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its position in shares of Ferroglobe by 19.9% in the fourth quarter. Legacy Capital Group California Inc. now owns 64,297 shares of the basic materials company’s stock worth $244,000 after buying an additional 10,679 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Performance

Shares of GSM opened at $3.76 on Friday. The company has a market capitalization of $701.71 million, a PE ratio of 188.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The company’s 50 day moving average price is $3.61 and its 200 day moving average price is $3.87. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $6.12.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, May 7th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. The company had revenue of $307.18 million for the quarter, compared to analyst estimates of $336.00 million. Research analysts expect that Ferroglobe PLC will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 18th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.06 dividend on an annualized basis and a yield of 1.49%. Ferroglobe’s dividend payout ratio (DPR) is currently -15.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GSM shares. Seaport Res Ptn downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. Wall Street Zen cut Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Ferroglobe Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.