Ferroglobe (NASDAQ:GSM) Director De Fuentes Silvia Villar-Mir Acquires 26,000 Shares

Key Points

• Director De Fuentes Silvia Villar-Mir bought 26,000 shares on March 23 at an average price of $3.86 (total $100,360), increasing her stake to 121,226 shares — a 27.30% rise — as disclosed in an SEC filing.
• Ferroglobe raised its quarterly dividend to $0.015 (annualized $0.06, ~1.4% yield) with an ex-dividend and record date of March 23 and payment on March 30, up from the prior $0.01 quarterly payout.
• The company beat expectations for the quarter with EPS of ($0.06) vs. ($0.07) and revenue of $329.4M, but remains unprofitable (negative net margin and ROE); analysts have a consensus Hold rating with an average target of $6.00.

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) Director De Fuentes Silvia Villar-Mir bought 26,000 shares of the company's stock in a transaction dated Monday, March 23rd. The stock was purchased at an average price of $3.86 per share, with a total value of $100,360.00. Following the completion of the transaction, the director directly owned 121,226 shares in the company, valued at approximately $467,932.36. This represents a 27.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ferroglobe Price Performance

Shares of Ferroglobe stock traded up $0.10 on Wednesday, reaching $4.20. 1,069,317 shares of the stock were exchanged, compared to its average volume of 1,332,900. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.66. The firm has a market cap of $783.83 million, a PE ratio of -4.57 and a beta of 0.93. The firm's 50 day moving average is $4.88 and its 200-day moving average is $4.68. Ferroglobe PLC has a one year low of $2.97 and a one year high of $5.74.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Ferroglobe had a negative net margin of 12.78% and a negative return on equity of 8.65%. The business had revenue of $329.38 million for the quarter, compared to analysts' expectations of $293.60 million. As a group, analysts anticipate that Ferroglobe PLC will post 0.33 EPS for the current fiscal 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 $0.015 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio (DPR) is -6.52%.

Institutional Trading of Ferroglobe

A number of hedge funds and other institutional investors have recently modified their holdings of GSM. Millennium Management LLC increased its holdings in shares of Ferroglobe by 168.8% during the first quarter. Millennium Management LLC now owns 1,110,759 shares of the basic materials company's stock worth $4,121,000 after buying an additional 697,476 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ferroglobe by 32.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,778 shares of the basic materials company's stock valued at $1,231,000 after acquiring an additional 81,611 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Ferroglobe during the 2nd quarter valued at $90,000. Geode Capital Management LLC grew its position in Ferroglobe by 1,068.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,558,383 shares of the basic materials company's stock worth $5,719,000 after acquiring an additional 1,424,998 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Ferroglobe in the 2nd quarter worth about $105,000. Institutional investors own 89.64% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on GSM. Zacks Research raised Ferroglobe from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of Ferroglobe in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised Ferroglobe from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.

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