Glatfelter Co. (NYSE:GLT – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.64 and traded as high as $1.71. Glatfelter shares last traded at $1.70, with a volume of 46,826 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Glatfelter from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.
View Our Latest Stock Analysis on GLT
Glatfelter Price Performance
Glatfelter (NYSE:GLT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.25) EPS for the quarter. Glatfelter had a negative net margin of 5.44% and a negative return on equity of 16.21%. The firm had revenue of $329.44 million for the quarter.
Insider Transactions at Glatfelter
In related news, major shareholder Carlson Capital, L.P. sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $1.82, for a total value of $91,000.00. Following the completion of the transaction, the insider now directly owns 4,655,691 shares of the company’s stock, valued at approximately $8,473,357.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.59% of the company’s stock.
Institutional Trading of Glatfelter
A number of institutional investors have recently added to or reduced their stakes in the stock. Littlejohn & Co. LLC boosted its position in shares of Glatfelter by 111.5% in the first quarter. Littlejohn & Co. LLC now owns 3,067,767 shares of the basic materials company’s stock valued at $6,136,000 after acquiring an additional 1,617,110 shares during the period. Cubist Systematic Strategies LLC bought a new position in Glatfelter in the 2nd quarter valued at $300,000. Clearline Capital LP grew its position 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 purchasing an additional 130,923 shares in the last quarter. Bluefin Capital Management LLC purchased a new stake in shares of Glatfelter in the first quarter worth $243,000. Finally, Vanguard Group Inc. boosted its stake in Glatfelter by 4.1% during the first quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock valued at $4,740,000 after buying an additional 92,314 shares during the period. Hedge funds and other institutional investors own 76.92% of the company’s stock.
Glatfelter Company Profile
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.
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