StockNews.com upgraded shares of Glatfelter (NYSE:GLT – Free Report) from a sell rating to a hold rating in a report released on Friday morning.
Glatfelter Stock Performance
Shares of GLT stock traded up $0.02 during trading on Friday, reaching $1.70. 141,135 shares of the company’s stock traded hands, compared to its average volume of 854,378. The firm’s 50-day moving average is $1.56 and its 200 day moving average is $1.72. The company has a market capitalization of $76.93 million, a P/E ratio of -0.84 and a beta of 1.74. Glatfelter has a 1 year low of $1.22 and a 1 year high of $2.71. The company has a current ratio of 2.31, a quick ratio of 1.13 and a debt-to-equity ratio of 3.89.
Glatfelter (NYSE:GLT – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.33) EPS for the quarter. Glatfelter had a negative return on equity of 18.86% and a negative net margin of 6.88%. The company had revenue of $327.26 million during the quarter.
Insider Activity at Glatfelter
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD purchased a new stake in Glatfelter in the first quarter worth approximately $30,000. Teton Advisors Inc. lifted its stake in Glatfelter by 38.9% in the fourth quarter. Teton Advisors Inc. now owns 25,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 7,000 shares during the last quarter. State Board of Administration of Florida Retirement System boosted 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 buying an additional 15,855 shares during the period. Ground Swell Capital LLC bought a new position in shares of Glatfelter during the second quarter valued at about $38,000. Finally, Cowen AND Company LLC lifted its stake in shares of Glatfelter by 230.0% in the 2nd 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 during the last quarter. 76.92% of the stock is currently owned by institutional investors.
Glatfelter Company Profile
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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