Glatfelter (NYSE:GLT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Glatfelter (NYSE:GLT) in a research report released on Wednesday. The brokerage 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 firm has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $21.36. Glatfelter has a twelve month low of $15.80 and a twelve month high of $35.23. The firm has a market capitalization of $73.68 million, a price-to-earnings ratio of -1.10 and a beta of 1.72.

Insider Buying and Selling

In related news, major shareholder Carlson Capital, L.P. sold 24,668 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $22.62, for a total value of $557,990.16. Following the completion of the transaction, the insider now owns 333,461 shares of the company’s stock, valued at approximately $7,542,887.82. The trade was a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.26% of the company’s stock.

Hedge Funds Weigh In On Glatfelter

Institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its position 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 valued at $529,000 after purchasing an additional 203,822 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Glatfelter during the second quarter worth approximately $300,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Glatfelter during the second quarter worth approximately $113,000. Bluefin Capital Management LLC boosted its holdings in shares of Glatfelter by 10.4% in the 2nd quarter. Bluefin Capital Management LLC now owns 134,149 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 12,596 shares during the last quarter. Finally, Clearline Capital LP grew its stake in shares of Glatfelter by 22.8% during the 2nd quarter. Clearline Capital LP now owns 704,732 shares of the basic materials company’s stock valued at $980,000 after buying an additional 130,923 shares during the period. Institutional investors and hedge funds 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.