GSA Capital Partners LLP Has $529,000 Position in Glatfelter Co. (NYSE:GLT)

GSA Capital Partners LLP grew its stake in shares of Glatfelter Co. (NYSE:GLT) by 226.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 293,790 shares of the basic materials company’s stock after buying an additional 203,822 shares during the period. GSA Capital Partners LLP’s holdings in Glatfelter were worth $529,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GLT. Cubist Systematic Strategies LLC acquired a new position in Glatfelter in the second quarter worth about $300,000. Clearline Capital LP raised its position in Glatfelter by 22.8% in the second quarter. Clearline Capital LP now owns 704,732 shares of the basic materials company’s stock worth $980,000 after purchasing an additional 130,923 shares in the last quarter. Bluefin Capital Management LLC acquired a new position in Glatfelter in the first quarter worth about $243,000. Vanguard Group Inc. raised its position in Glatfelter by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock worth $4,740,000 after purchasing an additional 92,314 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Glatfelter in the second quarter worth about $113,000. Institutional investors and hedge funds own 76.92% of the company’s stock.

Insider Transactions at Glatfelter

In other news, major shareholder Carlson Capital, L.P. sold 24,668 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $22.62, for a total transaction of $557,990.16. Following the sale, the insider now directly owns 333,461 shares of the company’s stock, valued at $7,542,887.82. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.26% of the company’s stock.

Glatfelter Stock Performance

NYSE GLT opened at $21.05 on Wednesday. The firm has a market cap of $73.68 million, a price-to-earnings ratio of -1.10 and a beta of 1.72. The company has a 50 day moving average of $22.07 and a 200-day moving average of $21.35. The company has a current ratio of 2.23, a quick ratio of 1.04 and a debt-to-equity ratio of 4.26. Glatfelter Co. has a 1-year low of $15.80 and a 1-year high of $35.23.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Glatfelter in a report on Wednesday, November 13th. They set a “sell” rating for the company.

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.