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 value of $138,855.60. Following the completion of the sale, the insider directly owned 31,693 shares of the company’s stock, valued at $136,279.90. The trade was a 50.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ferroglobe Stock Down 7.0%

NASDAQ:GSM traded down $0.28 during mid-day trading on Thursday, hitting $3.77. 267,472 shares of the company’s stock traded hands, compared to its average volume of 1,445,809. The company has a fifty day moving average of $3.65 and a 200 day moving average of $4.19. Ferroglobe PLC has a twelve month low of $3.08 and a twelve month high of $5.74. The company has a market capitalization of $702.66 million, a P/E ratio of -17.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.29.

Ferroglobe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.015 per share. The ex-dividend date is Tuesday, September 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.6%. Ferroglobe’s dividend payout ratio is -27.27%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings cut shares of Ferroglobe from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Investors Weigh In On Ferroglobe

Institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd boosted its position in 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 during the last quarter. Quadrant Capital Group LLC lifted its stake in Ferroglobe by 66.1% during 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 period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ferroglobe by 11.7% in 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 acquiring an additional 7,399 shares during the last quarter. California State Teachers Retirement System purchased a new stake in shares of Ferroglobe in the 2nd quarter valued at $27,000. Finally, Intech Investment Management LLC increased its stake in shares of Ferroglobe by 16.6% in the fourth quarter. Intech Investment Management LLC now owns 69,931 shares of the basic materials company’s stock worth $324,000 after acquiring an additional 9,975 shares during the period. Institutional investors and hedge funds 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.