Ferroglobe (NASDAQ:GSM) Insider Cos Muntanola Beatriz Garcia Sells 32,292 Shares

Ferroglobe PLC (NASDAQ:GSM) insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $4.30, for a total value of $138,855.60. Following the sale, the insider owned 31,693 shares of the company’s stock, valued at approximately $136,279.90. This represents a 50.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ferroglobe Stock Performance

Shares of GSM opened at $3.85 on Friday. Ferroglobe PLC has a 12 month low of $3.08 and a 12 month high of $5.74. The stock has a fifty day moving average price of $3.64 and a 200-day moving average price of $4.18. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The firm has a market cap of $718.53 million, a PE ratio of -17.50 and a beta of 1.02.

Ferroglobe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be paid a $0.015 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.6%. Ferroglobe’s dividend payout ratio is presently -27.27%.

Institutional Investors Weigh In On Ferroglobe

Several large investors have recently bought and sold shares of GSM. California State Teachers Retirement System purchased a new position in Ferroglobe in the second quarter valued at approximately $27,000. Quadrant Capital Group LLC boosted its holdings in shares of Ferroglobe by 66.1% in the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock valued at $37,000 after buying an additional 3,146 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Ferroglobe by 1,017,300.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after buying an additional 10,173 shares during the last quarter. R Squared Ltd acquired a new stake in Ferroglobe during the 1st quarter worth $44,000. Finally, PDT Partners LLC acquired a new stake in Ferroglobe during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GSM. Wall Street Zen downgraded Ferroglobe from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings lowered shares of Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

About Ferroglobe

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.