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 firm’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 value of $558,002.34. Following the completion of the sale, the insider now owns 4,335,000 shares in the company, valued at $7,542,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 value of $91,000.00.

Glatfelter Trading Down 4.8 %

Glatfelter stock opened at $1.77 on Friday. Glatfelter Co. has a 12-month low of $1.22 and a 12-month high of $2.71. The company has a debt-to-equity ratio of 4.19, a current ratio of 2.21 and a quick ratio of 1.06. The stock has a market capitalization of $80.10 million, a PE ratio of -0.87 and a beta of 1.73. The firm has a 50 day simple moving average of $1.64 and a 200-day simple moving average of $1.65.

Glatfelter (NYSE:GLT) last issued 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 net margin of 5.44% and a negative return on equity of 16.21%. The firm had revenue of $329.44 million for the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Glatfelter during the 1st quarter valued at about $30,000. Ground Swell Capital LLC acquired a new position in Glatfelter in the second quarter worth approximately $38,000. Cowen AND Company LLC increased its holdings in shares of Glatfelter by 230.0% in the second quarter. Cowen AND Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $46,000 after buying an additional 23,000 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position 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 valued at $55,000 after acquiring an additional 15,855 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Glatfelter during the 1st quarter worth $80,000. 76.92% of the stock is owned by institutional investors and hedge funds.

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.