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

Ferroglobe PLC (NASDAQ:GSM) Director De Fuentes Silvia Villar-Mir acquired 26,000 shares of Ferroglobe stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average price of $3.86 per share, for a total transaction of $100,360.00. Following the transaction, the director directly owned 121,226 shares in the company, valued at $467,932.36. The trade was a 27.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ferroglobe Price Performance

Ferroglobe stock opened at $4.28 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $798.78 million, a PE ratio of -4.65 and a beta of 0.93. Ferroglobe PLC has a 12 month low of $2.97 and a 12 month high of $5.74. The stock has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.67.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $329.38 million for the quarter, compared to analysts’ expectations of $293.60 million. Analysts expect that Ferroglobe PLC will post 0.33 EPS for the current year.

Ferroglobe Increases Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSM. California State Teachers Retirement System acquired a new position in shares of Ferroglobe in the 2nd quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Ferroglobe during the third quarter worth $32,000. Quadrant Capital Group LLC raised its stake in Ferroglobe by 66.1% during the fourth 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 last quarter. BNP Paribas Financial Markets raised its stake in Ferroglobe by 1,017,300.0% during the second quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock worth $37,000 after buying an additional 10,173 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in Ferroglobe by 49.0% in the fourth quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock valued at $39,000 after buying an additional 2,740 shares during the period. Institutional investors own 89.64% of the company’s stock.

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.