Walleye Capital LLC Sells 368,416 Shares of Ferroglobe PLC (NASDAQ:GSM)

Walleye Capital LLC lowered its stake in Ferroglobe PLC (NASDAQ:GSM) by 39.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 554,107 shares of the basic materials company’s stock after selling 368,416 shares during the period. Walleye Capital LLC owned approximately 0.30% of Ferroglobe worth $2,571,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GSM. Virtu Financial LLC bought a new position in Ferroglobe during the first quarter valued at about $53,000. Legacy Capital Group California Inc. bought a new stake in shares of Ferroglobe during the second quarter valued at approximately $60,000. Banco Santander S.A. acquired a new position in shares of Ferroglobe in the second quarter valued at $80,000. Vanguard Personalized Indexing Management LLC lifted its position in Ferroglobe by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 4,480 shares during the period. Finally, Quarry LP acquired a new stake in Ferroglobe during the second quarter worth $84,000. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Price Performance

GSM opened at $4.40 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.00. The stock has a market capitalization of $824.69 million, a P/E ratio of 18.33 and a beta of 1.86. The company’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.87. Ferroglobe PLC has a one year low of $3.99 and a one year high of $6.78.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The business had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. During the same quarter in the previous year, the firm posted $0.27 EPS. Sell-side analysts anticipate that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, December 20th. Ferroglobe’s dividend payout ratio is currently 20.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Ferroglobe Company 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.