Investors Buy Large Volume of Ferroglobe Call Options (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) saw unusually large options trading activity on Friday. Stock traders purchased 7,371 call options on the company. This is an increase of approximately 300% compared to the average volume of 1,842 call options.

Ferroglobe Stock Down 0.3 %

NASDAQ:GSM traded down $0.01 on Friday, hitting $3.92. The stock had a trading volume of 376,667 shares, compared to its average volume of 718,183. Ferroglobe has a 52 week low of $3.68 and a 52 week high of $6.47. The business’s fifty day moving average is $4.18 and its 200 day moving average is $4.60. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company has a market cap of $734.73 million, a PE ratio of 16.33 and a beta of 1.86.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The company had revenue of $433.53 million for the quarter, compared to analyst estimates of $443.50 million. During the same quarter last year, the firm posted $0.27 EPS. On average, equities research analysts expect that Ferroglobe will post 0.28 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 20th. Ferroglobe’s dividend payout ratio (DPR) is presently 20.83%.

Hedge Funds Weigh In On Ferroglobe

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in Ferroglobe in the second quarter valued at about $518,000. Caprock Group LLC purchased a new stake in Ferroglobe in the 2nd quarter worth approximately $343,000. Cowen AND Company LLC purchased a new stake in shares of Ferroglobe in the second quarter worth $2,787,000. Old West Investment Management LLC raised its holdings in shares of Ferroglobe by 880.4% in the 2nd quarter. Old West Investment Management LLC now owns 1,127,477 shares of the basic materials company’s stock valued at $6,043,000 after acquiring an additional 1,012,477 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake 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 valued at $84,000 after purchasing an additional 4,480 shares in the last quarter. 89.64% of the stock is owned by institutional investors.

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.