Glatfelter Co. (NYSE: GLT) Director Buys $93,200.00 in Shares

Glatfelter Co. (NYSE:GLT – Get a rating) Manager J Robert Hall bought 20,000 shares in a trade dated Monday, August 29. The shares were purchased at an average price of $4.66 per share, with a total value of $93,200.00. Following the completion of the acquisition, the director now directly owns 107,573 shares of the company, valued at approximately $501,290.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website.

Glatfelter down 4.6%

NYSE GLT was down $0.23 on Monday, hitting $4.78. The company had a trading volume of 653,444 shares, compared to an average volume of 327,709. The company has a market capitalization of $214.02 million, a price-earnings ratio of -1.84 and a beta of 1, 36. Glatfelter Co. has a fifty-two week low of $4.54 and a fifty-two week high of $18.74. The company has a 50-day moving average of $6.22 and a 200-day moving average of $9.33. The company has a debt ratio of 2.00, a current ratio of 1.94 and a quick ratio of 1.00.

Glatfelter (NYSE:GLT- Get a rating) last released its quarterly earnings data on Tuesday, August 2. The basic materials company reported ($0.04) earnings per share for the quarter, beating analyst consensus estimates of ($0.23) by $0.19. Glatfelter posted a positive return on equity of 0.70% and a negative net margin of 8.33%.

Wall Street analysts predict growth


A d Tradewins

The safest option in the trades!

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

Several brokerages have recently released reports on GLT. TheStreet downgraded Glatfelter’s shares from a “c” rating to a “d+” rating in a Tuesday, May 3 report. BMO Capital Markets lowered its price target on Glatfelter shares from $18.00 to $12.00 in a Tuesday, May 10 report.

Glatfelter Institutional Trading

A number of institutional investors and hedge funds have recently bought and sold shares of GLT. KBC Group NV acquired a new stake in Glatfelter during the second quarter worth $25,000. US Asset Management LLC purchased a new stake in Glatfelter during the first quarter for $30,000. UMB Bank NA MO bought a new stake in Glatfelter during the fourth quarter worth $34,000. Captrust Financial Advisors increased its position in Glatfelter by 115.9% during the first quarter. Captrust Financial Advisors now owns 3,237 shares of the basic materials company valued at $41,000 after acquiring 1,738 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in Glatfelter by 150.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,499 shares of the basic materials company valued at $43,000 after acquiring 1,503 additional shares in the last quarter. 91.43% of the shares are currently held by institutional investors and hedge funds.

About Glatfelter

(Get a rating)

Glatfelter Corporation, together with its subsidiaries, manufactures and sells 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; base materials for wall coverings for wallpaper manufacturers; metallized products used in labels, packaging liners, gift wrap and other consumer product applications; composite laminates comprised of decorative laminates for 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 applications.

Further reading

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Glatfelter, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Glatfelter wasn’t on the list.

Although Glatfelter currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.