5 Cheap Small-Cap Stocks to Buy

2. Ferroglobe PLC (NASDAQ: GSM)

Number of Hedge Fund Holders: 19
Market Cap: $1.63 billion
Share Price as of September 13: $9.16

Ferroglobe PLC (NASDAQ: GSM) stands second on our list of the best cheap small-cap stocks to buy. It is the leading producer of silicon metal and its alloys, along with manganese alloys. The company also combines technological advances for the production processes of industrial and consumer products.

In Q2 2021, Ferroglobe PLC (NASDAQ: GSM) reported revenue of $418.5 million, presenting a 67.4% year-over-year growth. The company generated $37.8 million from operations and returned to a positive net cash flow of $21.6 million during the second quarter. Ferroglobe PLC (NASDAQ: GSM) attributed solid results to strong pricing across all product categories. In June, B. Riley set its price target on Ferroglobe PLC (NASDAQ: GSM) at $5, with a ‘Buy’ rating on the shares. The stock gained 479.7% year to date and 1,808% in the past year.

The number of hedge funds having stakes in Ferroglobe PLC (NASDAQ: GSM) increased to 19 in Q2 2021, compared with 16 in the previous quarter. The total value of these stakes is $145.7 million. Jeremy Hosking’s Hosking Partners is the company’s leading shareholder with 4.48 million shares, worth $27.4 million.