Ferroglobe (NASDAQ:GSM) Stock: Insider De Fuentes Silvia Villar-Mir Acquires 28,671 Shares

Ferroglobe PLC (NASDAQ:GSM) Director De Fuentes Silvia Villar-Mir purchased 28,671 shares of Ferroglobe stock in a transaction dated Friday, November 6th. The shares were bought at an average price of $2.62 per share, with a total value of $75,118.02. Following the completion of the transaction, the director owned 128,399 shares in the company, valued at approximately $336,405.38. This trade represents a 28.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ferroglobe Stock Performance

Shares of NASDAQ GSM opened at $2.87 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.34 and a quick ratio of 0.79. The company has a market cap of $535.62 million, a PE ratio of 17.94 and a beta of 1.21. The company has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $4.15. Ferroglobe PLC has a 12 month low of $2.50 and a 12 month high of $5.66.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Ferroglobe had a net margin of 2.13% and a negative return on equity of 5.15%. The firm had revenue of $369.76 million during the quarter, compared to analyst estimates of $382.80 million. On average, equities analysts anticipate that Ferroglobe PLC will post -0.05 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.0150 per share. This represents a $0.06 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 22nd. Ferroglobe’s dividend payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on GSM shares. Needham & Company LLC set a $5.00 price target on Ferroglobe in a research note on Friday, November 6th. Wall Street Zen raised Ferroglobe from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Jefferies Financial Group set a $5.00 price target on shares of Ferroglobe in a research note on Friday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ferroglobe in a report on Monday, November 2nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.00.

Hedge Funds Weigh In On Ferroglobe

Several large investors have recently added to or reduced their stakes in GSM. Bastion Asset Management Inc. bought a new position in shares of Ferroglobe during the 1st quarter valued at approximately $4,155,000. Donald Smith & CO. Inc. bought a new stake in shares of Ferroglobe during the 2nd quarter valued at $25,843,000. Sei Investments Co. raised its holdings in Ferroglobe by 67.0% in the 1st quarter. Sei Investments Co. now owns 639,440 shares of the basic materials company’s stock worth $2,634,000 after acquiring an additional 256,449 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Ferroglobe in the third quarter worth $530,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Ferroglobe during the 2nd quarter valued at $544,000. Institutional investors own 89.64% of the company’s stock.

About Ferroglobe

Ferroglobe plc produces silicon metal, silicon-based alloys and manganese-based alloys. Its products are used in industries including aluminum, steel, chemicals and energy. Silicon metal is an important input for aluminum alloys, silicones and polysilicon, while the company’s alloys are used in steelmaking and other metallurgical applications. Ferroglobe serves customers in markets around the world. The company was formed in 2015 through the merger of Globe Specialty Metals and Grupo FerroAtlántica.