Ferroglobe PLC (NASDAQ:GSM - Get Free Report) insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the firm's stock in a transaction that occurred 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 owned 31,693 shares in the company, valued at approximately $136,279.90. This trade represents a 50.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ferroglobe Stock Performance
Shares of Ferroglobe stock opened at $3.85 on Friday. The firm's fifty day simple moving average is $3.64 and its 200-day simple moving average is $4.18. The stock has a market capitalization of $718.53 million, a price-to-earnings ratio of -17.50 and a beta of 1.02. Ferroglobe PLC has a 12 month low of $3.08 and a 12 month 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.
Ferroglobe Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. Ferroglobe's dividend payout ratio (DPR) is presently -27.27%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Ferroglobe from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. Wall Street Zen lowered Ferroglobe from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $6.00.
Check Out Our Latest Stock Report on Ferroglobe
Hedge Funds Weigh In On Ferroglobe
Large investors have recently bought and sold shares of the company. Hosking Partners LLP lifted its stake in shares of Ferroglobe by 3.1% in the 4th quarter. Hosking Partners LLP now owns 11,215,616 shares of the basic materials company's stock worth $52,040,000 after acquiring an additional 341,194 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Ferroglobe during the second quarter worth about $25,843,000. Goldman Sachs Group Inc. raised its holdings in Ferroglobe by 87.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,871,942 shares of the basic materials company's stock worth $22,606,000 after purchasing an additional 2,277,344 shares in the last quarter. Old West Investment Management LLC raised its holdings in Ferroglobe by 17.3% during the fourth quarter. Old West Investment Management LLC now owns 3,798,781 shares of the basic materials company's stock worth $17,626,000 after purchasing an additional 560,867 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Ferroglobe by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 2,141,909 shares of the basic materials company's stock valued at $9,746,000 after purchasing an additional 250,982 shares during the period. Hedge funds and other institutional investors own 89.64% of the company's stock.
Ferroglobe Company Profile
(
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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.
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