Unison Advisors LLC Makes New Investment in Ferroglobe PLC $GSM

Unison Advisors LLC bought a new position in Ferroglobe PLC (NASDAQ:GSM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 156,142 shares of the basic materials company’s stock, valued at approximately $724,000. Unison Advisors LLC owned approximately 0.08% of Ferroglobe as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System bought a new stake in shares of Ferroglobe during the second quarter valued at approximately $27,000. State of Alaska Department of Revenue bought a new position in Ferroglobe in the 3rd quarter valued at approximately $32,000. BNP Paribas Financial Markets boosted its stake in Ferroglobe by 1,017,300.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 10,173 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Ferroglobe by 49.0% in the 4th quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Ferroglobe in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Insider Activity

In related news, Chairman Madrid Javier Lopez purchased 26,000 shares of Ferroglobe stock in a transaction on Monday, March 23rd. The stock was acquired at an average price of $3.86 per share, for a total transaction of $100,360.00. Following the completion of the transaction, the chairman directly owned 147,200 shares in the company, valued at $568,192. This represents a 21.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director De Fuentes Silvia Villar-Mir acquired 26,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of $3.86 per share, for a total transaction of $100,360.00. Following the purchase, the director directly owned 121,226 shares of the company’s stock, valued at approximately $467,932.36. This trade represents a 27.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 13.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GSM shares. Wall Street Zen upgraded Ferroglobe from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Zacks Research upgraded Ferroglobe from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ferroglobe in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Price Performance

GSM opened at $4.07 on Monday. The firm’s 50 day simple moving average is $4.73 and its two-hundred day simple moving average is $4.68. The company has a market capitalization of $759.58 million, a PE ratio of -4.42 and a beta of 1.02. Ferroglobe PLC has a 1-year low of $2.97 and a 1-year high of $5.74. The company has a current ratio of 1.66, a quick ratio of 0.97 and a debt-to-equity ratio of 0.24.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Saturday, February 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $329.38 million during the quarter, compared to the consensus estimate of $293.60 million. Ferroglobe had a negative net margin of 12.78% and a negative return on equity of 8.65%. As a group, equities analysts forecast that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.015 per share. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 23rd. Ferroglobe’s dividend payout ratio is presently -6.52%.

Ferroglobe Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.