Ferroglobe (NASDAQ:GSM) Director De Fuentes Silvia Villar-Mir Purchases 26,000 Shares

Ferroglobe PLC (NASDAQ:GSM) Director De Fuentes Silvia Villar-Mir acquired 26,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $3.86 per share, for a total transaction of $100,360.00. Following the acquisition, the director owned 121,226 shares in the company, valued at approximately $467,932.36. This trade represents a 27.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ferroglobe Stock Up 2.4%

Shares of GSM opened at $4.20 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.66. The company has a 50-day simple moving average of $4.86 and a 200-day simple moving average of $4.67. Ferroglobe PLC has a 52 week low of $2.97 and a 52 week high of $5.74. The firm has a market capitalization of $783.85 million, a P/E ratio of -4.57 and a beta of 0.93.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Tuesday, February 17th. The basic materials company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Ferroglobe had a negative return on equity of 8.65% and a negative net margin of 12.78%.The business had revenue of $329.38 million for the quarter, compared to the consensus estimate of $293.60 million. On average, equities research analysts expect that Ferroglobe PLC will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 23rd. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. Ferroglobe’s payout ratio is -6.52%.

Hedge Funds Weigh In On Ferroglobe

Several hedge funds and other institutional investors have recently modified their holdings of GSM. California State Teachers Retirement System bought a new stake in Ferroglobe in the second quarter valued at $27,000. State of Alaska Department of Revenue bought a new position in shares of Ferroglobe during the third quarter valued at $32,000. Quadrant Capital Group LLC lifted its holdings in shares of Ferroglobe by 66.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 3,146 shares during the period. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 10,173 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Ferroglobe by 49.0% in the 4th quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 2,740 shares in the last quarter. Institutional investors own 89.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GSM shares. Zacks Research upgraded Ferroglobe from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ferroglobe in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Company Profile

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.