35,253 Shares in Ferroglobe PLC (NASDAQ:GSM) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new stake in Ferroglobe PLC (NASDAQ:GSMFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 35,253 shares of the basic materials company’s stock, valued at approximately $229,000.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP purchased a new position in shares of Ferroglobe in the fourth quarter worth about $109,000. First Eagle Investment Management LLC lifted its stake in Ferroglobe by 20.9% in the 4th quarter. First Eagle Investment Management LLC now owns 1,492,360 shares of the basic materials company’s stock worth $9,715,000 after purchasing an additional 258,047 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Ferroglobe during the 4th quarter worth approximately $366,000. Jump Financial LLC purchased a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $575,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $247,000. 89.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Monday, May 20th.

Read Our Latest Research Report on GSM

Ferroglobe Trading Up 3.3 %

Shares of NASDAQ GSM traded up $0.19 during midday trading on Monday, reaching $5.97. 1,133,200 shares of the stock were exchanged, compared to its average volume of 1,511,224. The stock has a market capitalization of $1.12 billion, a P/E ratio of 17.56 and a beta of 1.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.74. The company has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $5.39. Ferroglobe PLC has a twelve month low of $4.18 and a twelve month high of $6.78.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 17th will be given a $0.013 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.05 dividend on an annualized basis and a yield of 0.87%. Ferroglobe’s dividend payout ratio is currently 14.71%.

About Ferroglobe

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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