Glatfelter (NYSE:GLT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Glatfelter (NYSE:GLT – Get Rating) in a research note published on Thursday. The firm issued a sell rating on the basic materials company’s stock.

Glatfelter Price Performance

Shares of GLT stock opened at $2.71 on Thursday. The firm has a fifty day simple moving average of $3.74 and a 200-day simple moving average of $3.53. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.03 and a current ratio of 1.89. Glatfelter has a twelve month low of $2.08 and a twelve month high of $13.78.

Insider Buying and Selling

In other news, SVP Wolfgang Laures acquired 277,000 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were acquired at an average price of $3.72 per share, with a total value of $1,030,440.00. Following the acquisition, the senior vice president now directly owns 316,568 shares in the company, valued at $1,177,632.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Wolfgang Laures acquired 277,000 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were acquired at an average price of $3.72 per share, with a total value of $1,030,440.00. Following the acquisition, the senior vice president now directly owns 316,568 shares in the company, valued at $1,177,632.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO David C. Elder acquired 8,800 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average cost of $3.52 per share, for a total transaction of $30,976.00. Following the acquisition, the chief accounting officer now owns 90,023 shares in the company, valued at $316,880.96. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Glatfelter

Several large investors have recently bought and sold shares of GLT. Point72 Middle East FZE acquired a new position in Glatfelter during the 4th quarter valued at about $25,000. Algert Global LLC bought a new position in shares of Glatfelter during the 4th quarter valued at about $33,000. Point72 Hong Kong Ltd boosted its position in shares of Glatfelter by 603.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 11,525 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 9,887 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Glatfelter during the 4th quarter valued at about $36,000. Finally, Virtu Financial LLC bought a new position in shares of Glatfelter during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Glatfelter Company Profile

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Glatfelter Corp. engages in the manufacture of papers and fiber-based engineered materials. It operates through the Composite Fibers and Airlaid Materials segments. The Composite Fibers segment offers food and beverage filtration materials, wallcover base materials, technical specialties, composite laminates decorative laminate solution, and metallized products.