OMERS ADMINISTRATION Corp Increases Holdings in Ferroglobe PLC $GSM

OMERS ADMINISTRATION Corp grew its holdings in shares of Ferroglobe PLC (NASDAQ:GSM) by 61.0% in the first quarter, HoldingsChannel reports. The fund owned 250,900 shares of the basic materials company’s stock after purchasing an additional 95,100 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Ferroglobe were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GSM. Hosking Partners LLP grew its position in shares of Ferroglobe by 18.1% during the 1st quarter. Hosking Partners LLP now owns 10,633,729 shares of the basic materials company’s stock valued at $39,451,000 after acquiring an additional 1,629,431 shares during the period. Lloyd Harbor Capital Management LLC bought a new stake in shares of Ferroglobe during the 4th quarter valued at $5,605,000. Boston Partners grew its position in shares of Ferroglobe by 622.2% during the 1st quarter. Boston Partners now owns 1,548,152 shares of the basic materials company’s stock valued at $5,743,000 after acquiring an additional 1,333,772 shares during the period. Old West Investment Management LLC grew its position in shares of Ferroglobe by 58.7% during the 1st quarter. Old West Investment Management LLC now owns 3,435,932 shares of the basic materials company’s stock valued at $12,747,000 after acquiring an additional 1,270,625 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Ferroglobe by 83.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,192,856 shares of the basic materials company’s stock valued at $8,135,000 after acquiring an additional 999,584 shares during the period. Institutional investors own 89.64% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Ferroglobe Trading Up 1.2%

Shares of Ferroglobe stock opened at $4.18 on Tuesday. The company has a market capitalization of $780.11 million, a P/E ratio of -7.33 and a beta of 1.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56. The company has a fifty day moving average of $4.24 and a 200 day moving average of $3.88. Ferroglobe PLC has a fifty-two week low of $2.97 and a fifty-two week high of $5.12.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Tuesday, August 5th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $386.86 million during the quarter, compared to the consensus estimate of $398.00 million. Ferroglobe had a negative return on equity of 2.85% and a negative net margin of 6.99%. On average, sell-side analysts anticipate that Ferroglobe PLC will post 0.33 earnings per share for the current fiscal year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a $0.014 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $0.06 annualized dividend and a yield of 1.3%. Ferroglobe’s dividend payout ratio is currently -10.53%.

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.