Marshall Wace LLP Buys 34,679 Shares of Glatfelter Co. (NYSE:GLT)

Marshall Wace LLP grew its stake in Glatfelter Co. (NYSE:GLT) by 34.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,465 shares of the basic materials company’s stock after acquiring an additional 34,679 shares during the period. Marshall Wace LLP owned 0.30% of Glatfelter worth $187,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Gabelli Funds LLC grew its holdings 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 acquiring an additional 6,000 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Glatfelter in the 1st quarter valued at about $30,000. State Board of Administration of Florida Retirement System grew its holdings in shares of 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 acquiring an additional 15,855 shares in the last quarter. Cowen AND Company LLC grew its holdings 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 in the last quarter. Finally, Ground Swell Capital LLC bought a new position in shares of Glatfelter in the 2nd quarter valued at about $38,000. Institutional investors own 76.92% of the company’s stock.

Insider Buying and Selling

In other news, 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 stock was sold at an average price of $1.74, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Glatfelter Trading Down 0.6 %

Glatfelter stock opened at $1.75 on Friday. Glatfelter Co. has a 52 week low of $1.22 and a 52 week high of $2.71. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.06 and a current ratio of 2.21. The stock has a market capitalization of $79.19 million, a P/E ratio of -0.86 and a beta of 1.74. The stock has a 50-day simple moving average of $1.68 and a 200 day simple moving average of $1.65.

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

Glatfelter 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.