Glatfelter Co. (NYSE:GLT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Glatfelter Co. (NYSE:GLT) by 35.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 608,250 shares of the basic materials company’s stock after selling 329,310 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Glatfelter were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake 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 valued at $55,000 after purchasing an additional 15,855 shares during the last quarter. Littlejohn & Co. LLC boosted its holdings in Glatfelter by 111.5% during the 1st quarter. Littlejohn & Co. LLC now owns 3,067,767 shares of the basic materials company’s stock valued at $6,136,000 after acquiring an additional 1,617,110 shares during the period. Vanguard Group Inc. boosted its holdings in Glatfelter by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock valued at $4,740,000 after acquiring an additional 92,314 shares during the period. Gabelli Funds LLC boosted its stake in shares of Glatfelter by 17.6% in the 1st quarter. Gabelli Funds LLC now owns 40,000 shares of the basic materials company’s stock valued at $80,000 after buying an additional 6,000 shares during the period. Finally, Alpine Global Management LLC purchased a new position in shares of Glatfelter in the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Insider Buying and Selling at Glatfelter

In related news, major shareholder Carlson Capital, L.P. sold 320,691 shares of the stock in a transaction on Wednesday, September 25th. The stock was 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 of the company’s stock, valued at $7,542,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Glatfelter Trading Down 0.6 %

GLT opened at $1.75 on Monday. Glatfelter Co. has a 52 week low of $1.22 and a 52 week high of $2.71. The company has a quick ratio of 1.06, a current ratio of 2.21 and a debt-to-equity ratio of 4.19. The business’s 50 day moving average is $1.68 and its two-hundred day moving average is $1.65. The firm has a market cap of $79.19 million, a price-to-earnings ratio of -0.86 and a beta of 1.74.

Glatfelter (NYSE:GLT) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $329.44 million during the quarter. Glatfelter had a negative return on equity of 16.21% and a negative net margin of 5.44%.

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.