Glatfelter Co. (NYSE:GLT) Short Interest Update

Glatfelter Co. (NYSE:GLTGet Free Report) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,080,000 shares, a drop of 7.7% from the July 31st total of 1,170,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 350,500 shares, the days-to-cover ratio is presently 3.1 days.

Glatfelter Price Performance

Shares of NYSE:GLT opened at $1.60 on Wednesday. The company has a market capitalization of $72.40 million, a PE ratio of -0.79 and a beta of 1.74. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.06 and a current ratio of 2.21. The stock has a fifty day moving average of $1.59 and a 200-day moving average of $1.70. Glatfelter has a one year low of $1.22 and a one year high of $2.71.

Glatfelter (NYSE:GLTGet Free Report) last announced its earnings results on Thursday, August 8th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter. Glatfelter had a negative return on equity of 16.21% and a negative net margin of 5.44%. The company had revenue of $329.44 million for the quarter.

Insider Activity at Glatfelter

In related news, major shareholder Carlson Capital L. P sold 207,325 shares of Glatfelter stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $1.65, for a total transaction of $342,086.25. Following the sale, the insider now directly owns 6,968,675 shares in the company, valued at $11,498,313.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Glatfelter

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of Glatfelter during the 1st quarter valued at $30,000. State Board of Administration of Florida Retirement System raised its stake in shares of Glatfelter by 138.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 15,855 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Glatfelter in the second quarter worth approximately $38,000. Cowen AND Company LLC raised its position in Glatfelter by 230.0% during the second quarter. Cowen AND Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 23,000 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in Glatfelter in the first quarter valued at approximately $80,000. Institutional investors and hedge funds own 76.92% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Report on GLT

Glatfelter Company Profile

(Get Free Report)

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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