Glatfelter (NYSE:GLT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Glatfelter (NYSE:GLT) in a report issued on Wednesday morning. The firm issued a sell rating on the basic materials company’s stock.

Glatfelter Stock Performance

The company has a debt-to-equity ratio of 4.26, a current ratio of 2.23 and a quick ratio of 1.04. The stock has a market cap of $73.68 million, a PE ratio of -1.10 and a beta of 1.72. The business has a 50-day moving average price of $22.08 and a 200-day moving average price of $21.36. Glatfelter has a fifty-two week low of $15.80 and a fifty-two week high of $35.23.

Insider Buying and Selling at Glatfelter

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 3,846 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $23.66, for a total value of $90,996.36. Following the completion of the sale, the insider now directly owns 358,130 shares of the company’s stock, valued at $8,473,355.80. The trade was a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Glatfelter by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock worth $4,740,000 after acquiring an additional 92,314 shares during the last quarter. Clearline Capital LP boosted its stake in shares of Glatfelter by 22.8% during the second quarter. Clearline Capital LP now owns 704,732 shares of the basic materials company’s stock valued at $980,000 after purchasing an additional 130,923 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Glatfelter by 226.5% in the third quarter. GSA Capital Partners LLP now owns 293,790 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 203,822 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Glatfelter in the second quarter worth approximately $300,000. Finally, Squarepoint Ops LLC increased its stake in shares of Glatfelter by 59.3% in the second quarter. Squarepoint Ops LLC now owns 186,216 shares of the basic materials company’s stock worth $259,000 after buying an additional 69,314 shares during the period. Hedge funds and other institutional investors own 76.92% of the company’s stock.

About Glatfelter

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.