Glatfelter Corporation (NYSE: GLT) is -6.70% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $2.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLT stock was last observed hovering at around $1.89 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $1.81, the stock is 3.37% and 6.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -4.23% at the moment leaves the stock 5.90% off its SMA200. GLT registered 4.62% gain for a year compared to 6-month gain of 7.10%. The firm has a 50-day simple moving average (SMA 50) of $1.7076 and a 200-day simple moving average (SMA200) of $1.7092.
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The stock witnessed a 2.26% loss in the last 1 month and extending the period to 3 months gives it a 20.67%, and is 2.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.49% over the week and 6.02% over the month.
Glatfelter Corporation (GLT) has around 2920 employees, a market worth around $82.35M and $1.31B in sales. Profit margin for the company is -5.08%. Distance from 52-week low is 48.97% and -33.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.12%).
111.0 institutions hold shares in Glatfelter Corporation (GLT), with institutional investors hold 71.61% of the company’s shares. The shares outstanding are 45.09M, and float is at 43.88M with Short Float at 4.15%. Institutions hold 69.00% of the Float.
The top institutional shareholder in the company is CARLSON CAPITAL L P with over 4.71 million shares valued at $6.54 million. The investor’s holdings represent 10.4145 of the GLT Shares outstanding. As of 2024-06-30, the second largest holder is LITTLEJOHN & CO LLC with 3.65 million shares valued at $5.07 million to account for 8.0804 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 2.81 million shares representing 6.223 and valued at over $3.91 million, while VANGUARD GROUP INC holds 4.7669 of the shares totaling 2.15 million with a market value of $2.99 million.
Glatfelter Corporation (GLT) Insider Activity
The most recent transaction is an insider sale by Carlson Capital, L.P., the company’s 10% Owner. SEC filings show that Carlson Capital, L.P. sold 320,691 shares of the company’s common stock on Sep 25 ’24 at a price of $1.74 per share for a total of $0.56 million. Following the sale, the insider now owns 4.33 million shares.
Glatfelter Corporation disclosed in a document filed with the SEC on Sep 19 ’24 that Carlson Capital, L.P. (10% Owner) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $1.82 per share for $91000.0. Following the transaction, the insider now directly holds 4.66 million shares of the GLT stock.
Still, SEC filings show that on Jun 28 ’24, CARLSON CAPITAL L P (10% Owner) disposed off 2,262,984 shares at an average price of $1.40 for $3.17 million. The insider now directly holds 4,705,691 shares of Glatfelter Corporation (GLT).
