Glatfelter Co. (NYSE:GLT) Sees Significant Short-Term Interest Growth

Glatfelter Co. (NYSE:GLT – Get a rating) saw significant growth in short-term interest in September. As of September 15, there was short interest totaling 2,790,000 shares, a growth of 31.6% from the total of 2,120,000 shares as of August 31. Approximately 6.4% of the company’s shares are sold short. Based on an average trading volume of 810,400 shares, the short-term interest rate ratio is currently 3.4 days.

Insider trading at Glatfelter

Separately, director J Robert Hall acquired 20,000 shares of the company in a transaction on Monday, August 29. The shares were purchased at an average cost of $4.66 per share, with a total value of $93,200.00. Following completion of the transaction, the administrator now directly owns 107,573 shares of the company, valued at approximately $501,290.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company hold 2.38% of the shares of the company.

Glatfelter Institutional Trading

A number of hedge funds and other institutional investors have recently changed their positions in GLT. Bank of America Corp DE increased its stake in Glatfelter by 0.3% in the first quarter. Bank of America Corp DE now owns 541,454 shares of the basic materials company valued at $6,704,000 after buying 1,481 additional shares in the last quarter. Envestnet Asset Management Inc. increased its position in Glatfelter shares by 3.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,292 shares of the basic materials company valued at $536,000 after acquiring an additional 1,500 shares last quarter. Advisor Group Holdings Inc. increased its stake in Glatfelter by 150.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,499 shares of the basic materials company worth $43,000 after buying 1,503 more shares in the last quarter. Captrust Financial Advisors increased its stake in Glatfelter by 115.9% in the first quarter. Captrust Financial Advisors now owns 3,237 shares of the basic materials company worth $41,000 after buying 1,738 additional shares during the period. Finally, Rhumbline Advisers increased its stake in Glatfelter by 1.7% during the second quarter. Rhumbline Advisers now owns 130,320 shares of the basic materials company valued at $897,000 after buying 2,217 additional shares in the last quarter. Institutional investors hold 90.93% of the company’s shares.

Glatfelter stock down 5.2%

Glatfelter’s stock traded at $0.17 midday Friday, hitting $3.11. 1,086,014 shares were traded, against an average volume of 491,962. The company has a leverage ratio of 2.00, a current ratio of 1.94 and a quick ratio of 1.00. The company has a 50-day moving average price of $5.02 and a two-hundred-day moving average price of $7.86. The company has a market capitalization of $139.25 million, a P/E ratio of -1.25 and a beta of 1.39. Glatfelter has a 1-year minimum of $3.10 and a 1-year maximum of $18.74.

Glatfelter (NYSE:GLT- Get a rating) last released its quarterly results on Tuesday, August 2. The basic materials company reported ($0.04) EPS for the quarter. Glatfelter had a negative net margin of 8.33% and a positive return on equity of 0.70%. The company had revenue of $363.96 million in the quarter.

Glatfelter company profile

(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.

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