Carlson Capital, L.P. Sells 320,691 Shares of Glatfelter Co. (NYSE:GLT) Stock

Glatfelter Co. (NYSE:GLT) major shareholder Carlson Capital, L.P. sold 320,691 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.74, for a total transaction of $558,002.34. Following the sale, the insider now owns 4,335,000 shares in the company, valued at approximately $7,542,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Carlson Capital, L.P. also recently made the following trade(s):

• On Thursday, September 19th, Carlson Capital, L.P. sold 50,000 shares of Glatfelter stock. The stock was sold at an average price of $1.82, for a total transaction of $91,000.00.

Glatfelter Trading Down 4.8 %

Shares of NYSE GLT opened at $1.77 on Friday. 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 one year low of $1.22 and a one year high of $2.71. The business has a 50-day moving average price of $1.64 and a two-hundred day moving average price of $1.65. The firm has a market capitalization of $80.10 million, a PE ratio of -0.87 and a beta of 1.73.

Glatfelter (NYSE:GLT) last posted its quarterly 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 during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Glatfelter

Institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC increased its stake in shares of Glatfelter by 17.6% in the first quarter. Gabelli Funds LLC now owns 40,000 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 6,000 shares during the last quarter. Bluefin Capital Management LLC grew its stake in Glatfelter by 10.4% in the second quarter. Bluefin Capital Management LLC now owns 134,149 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 12,596 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Glatfelter in the 1st quarter worth about $30,000. State Board of Administration of Florida Retirement System increased its position in Glatfelter by 138.0% in 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 during the last quarter. Finally, Cowen AND Company LLC raised its stake in shares of Glatfelter by 230.0% during the 2nd quarter. Cowen AND Company LLC now owns 33,000 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 23,000 shares in the last quarter. Institutional investors and hedge funds 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.