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

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

Ferroglobe Trading Up 6.0%

NASDAQ GSM opened at $4.08 on Friday. Ferroglobe PLC has a 1 year low of $3.08 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.74. The company has a market capitalization of $761.43 million, a PE ratio of -18.55 and a beta of 1.02. The company has a fifty day moving average of $3.64 and a 200 day moving average of $4.18.

Ferroglobe Announces Dividend

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

Hedge Funds Weigh In On Ferroglobe

A number of hedge funds have recently bought and sold shares of the business. Covestor Ltd increased its position in shares of Ferroglobe by 23.2% in the fourth quarter. Covestor Ltd now owns 14,160 shares of the basic materials company’s stock valued at $66,000 after buying an additional 2,670 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Ferroglobe by 66.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after buying an additional 3,146 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Ferroglobe by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,707 shares of the basic materials company’s stock valued at $329,000 after buying an additional 7,399 shares in the last quarter. California State Teachers Retirement System purchased a new position in shares of Ferroglobe during the 2nd quarter valued at approximately $27,000. Finally, Intech Investment Management LLC grew its stake in Ferroglobe by 16.6% in the 4th quarter. Intech Investment Management LLC now owns 69,931 shares of the basic materials company’s stock valued at $324,000 after acquiring an additional 9,975 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GSM shares. Weiss Ratings downgraded Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.