Carlson Capital, L.P. Sells 50,000 Shares of Glatfelter Co. (NYSE:GLT) Stock

Glatfelter Co. (NYSE:GLT) major shareholder Carlson Capital, L.P. sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Glatfelter Price Performance

Shares of GLT opened at $1.75 on Wednesday. The firm has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.65. The firm has a market cap of $79.19 million, a PE ratio of -0.86 and a beta of 1.73. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 4.19. Glatfelter Co. has a 1-year low of $1.22 and a 1-year high of $2.71.

Glatfelter (NYSE:GLT) last issued its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.25) EPS for the quarter. Glatfelter had a negative return on equity of 16.21% and a negative net margin of 5.44%. The firm had revenue of $329.44 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Glatfelter from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

Institutional Investors Weigh In On Glatfelter

Hedge funds and other institutional investors have recently made changes to their positions in the business. CastleKnight Management LP grew its position in Glatfelter by 25.6% during the fourth quarter. CastleKnight Management LP now owns 579,207 shares of the basic materials company’s stock valued at $1,124,000 after buying an additional 117,910 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Glatfelter during the 1st quarter valued at $30,000. Vanguard Group Inc. increased its stake in shares of Glatfelter by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock worth $4,740,000 after purchasing an additional 92,314 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Glatfelter by 138.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 15,855 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in Glatfelter during the first quarter valued at about $80,000. Hedge funds and other institutional investors 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.