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
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.
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.
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