Ferroglobe (NASDAQ:GSM) Insider David Marie Gabriel Girardeau Buys 15,500 Shares of Company Stock

Ferroglobe PLC (NASDAQ:GSM) insider David Marie Gabriel Girardeau purchased 15,500 shares of Ferroglobe stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $2.62 per share, with a total value of $40,610.00. Following the transaction, the insider owned 70,664 shares in the company, valued at $185,139.68. The trade was a 28.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ferroglobe Stock Performance

Shares of NASDAQ:GSM opened at $3.05 on Friday. Ferroglobe PLC has a 1-year low of $2.50 and a 1-year high of $5.66. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $3.97 and a 200 day moving average price of $4.14.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Ferroglobe had a net margin of 2.13% and a negative return on equity of 5.15%. The business 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 EPS for the current fiscal year.

Ferroglobe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 22nd will be issued a dividend of $0.0150 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.0%. Ferroglobe’s dividend payout ratio (DPR) is currently 37.50%.

Trending Headlines about Ferroglobe

These are some of the GSM headlines that stood out recently:

• Positive Sentiment: Four Ferroglobe directors and insiders bought a combined 80,842 shares on November 6 for about $212,000. The purchases increased each buyer’s reported holdings, which investors may view as a sign of confidence in the company. SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Ferroglobe co-led a $30 million Series B financing for Coreshell Technologies, which is developing batteries using domestic critical materials. The investment could strengthen Ferroglobe’s strategic exposure to battery supply chains and U.S. materials demand, although the article does not specify the size of Ferroglobe’s investment. Coreshell Technologies financing announcement
• Negative Sentiment: Recent quarterly results were a counterweight: Ferroglobe reported a per-share loss that was worse than analysts expected, while revenue also fell short of consensus, highlighting ongoing operating challenges.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Ferroglobe

A number of hedge funds have recently added to or reduced their stakes in the company. Bastion Asset Management Inc. purchased a new stake in Ferroglobe in the 1st quarter valued at approximately $4,155,000. Donald Smith & CO. Inc. purchased a new position in shares of Ferroglobe during the 2nd quarter worth approximately $25,843,000. Sei Investments Co. raised its stake in shares of Ferroglobe by 67.0% during the 1st quarter. Sei Investments Co. now owns 639,440 shares of the basic materials company’s stock worth $2,634,000 after buying an additional 256,449 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in shares of Ferroglobe during the 3rd quarter worth approximately $530,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Ferroglobe during the 2nd quarter worth approximately $544,000. Institutional investors and hedge funds 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.