Ferroglobe (NASDAQ:GSM) Stock: Insider David Marie Gabriel Girardeau Acquires 15,500 Shares

Ferroglobe PLC (NASDAQ:GSM) insider David Marie Gabriel Girardeau acquired 15,500 shares of the stock in a transaction on Friday, November 6th. The shares were bought at an average price of $2.62 per share, with a total value of $40,610.00. Following the purchase, the insider directly owned 70,664 shares of the company’s stock, valued at $185,139.68. The trade was a 28.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ferroglobe Price Performance

Shares of NASDAQ:GSM opened at $2.87 on Thursday. Ferroglobe PLC has a fifty-two week low of $2.50 and a fifty-two week high of $5.66. The business has a 50-day simple moving average of $4.00 and a two-hundred day simple moving average of $4.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 1.34. The firm has a market cap of $535.62 million, a price-to-earnings ratio of 17.94 and a beta of 1.21.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $369.76 million during the quarter, compared to the consensus estimate of $382.80 million. Ferroglobe had a negative return on equity of 5.15% and a net margin of 2.13%. On average, analysts expect that Ferroglobe PLC will post -0.05 earnings per share for the current year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 22nd will be given a $0.0150 dividend. This represents a $0.06 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 22nd. Ferroglobe’s payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GSM. Needham & Company LLC set a $5.00 price target on Ferroglobe in a research note on Friday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ferroglobe in a report on Monday, November 2nd. Wall Street Zen upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Jefferies Financial Group set a $5.00 price target on Ferroglobe in a research report on Friday, November 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ferroglobe currently has an average rating of “Reduce” and an average target price of $5.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd increased its position in Ferroglobe by 28.4% during the third quarter. Covestor Ltd now owns 22,418 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 4,952 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Ferroglobe in the 3rd quarter worth about $48,000. PDT Partners LLC bought a new stake in shares of Ferroglobe in the 2nd quarter worth about $44,000. Public Employees Retirement System of Ohio boosted its stake in shares of Ferroglobe by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 157,461 shares of the basic materials company’s stock worth $649,000 after purchasing an additional 14,422 shares during the period. Finally, Abel Hall LLC purchased a new position in shares of Ferroglobe during the 3rd quarter worth about $61,000. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Company Profile

Ferroglobe plc produces silicon metal, silicon-based alloys and manganese-based alloys. Its products are used in industries including aluminum, steel, chemicals and energy. Silicon metal is an important input for aluminum alloys, silicones and polysilicon, while the company’s alloys are used in steelmaking and other metallurgical applications. Ferroglobe serves customers in markets around the world. The company was formed in 2015 through the merger of Globe Specialty Metals and Grupo FerroAtlántica.