Insider Selling: Ferroglobe (NASDAQ:GSM) Insider Sells $138,855.60 in Stock

Ferroglobe PLC (NASDAQ:GSM) insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $4.30, for a total value of $138,855.60. Following the completion of the transaction, the insider directly owned 31,693 shares in the company, valued at $136,279.90. The trade was a 50.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ferroglobe Price Performance

NASDAQ GSM opened at $4.08 on Friday. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $4.18. Ferroglobe PLC has a 52 week low of $3.08 and a 52 week high of $5.74. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $761.45 million, a P/E ratio of -18.55 and a beta of 1.02.

Ferroglobe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a $0.015 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.06 annualized dividend and a yield of 1.5%. Ferroglobe’s dividend payout ratio (DPR) is presently -27.27%.

Institutional Investors Weigh In On Ferroglobe

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new position in shares of Ferroglobe in the second quarter worth $27,000. Quadrant Capital Group LLC increased its holdings in 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 acquiring an additional 3,146 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 acquiring an additional 10,173 shares during the last quarter. R Squared Ltd purchased a new stake in Ferroglobe in the 1st quarter worth $44,000. Finally, PDT Partners LLC purchased a new stake in Ferroglobe in the 2nd quarter worth $44,000. Institutional investors own 89.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GSM shares. Wall Street Zen downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings downgraded Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. One research 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, Ferroglobe presently has an average rating of “Hold” and a consensus target price 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.