GSA Capital Partners LLP Acquires 203,822 Shares of Glatfelter Co. (NYSE:GLT)

GSA Capital Partners LLP increased its holdings in Glatfelter Co. (NYSE:GLT) by 226.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,790 shares of the basic materials company’s stock after purchasing an additional 203,822 shares during the period. GSA Capital Partners LLP owned approximately 0.65% of Glatfelter worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in Glatfelter in the second quarter worth $300,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Glatfelter in the second quarter worth $113,000. Bluefin Capital Management LLC boosted its holdings in Glatfelter by 10.4% in the second quarter. Bluefin Capital Management LLC now owns 134,149 shares of the basic materials company’s stock worth $186,000 after purchasing an additional 12,596 shares in the last quarter. Clearline Capital LP boosted its holdings 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. Finally, Squarepoint Ops LLC boosted its holdings in Glatfelter by 59.3% in the second quarter. Squarepoint Ops LLC now owns 186,216 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 69,314 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors.

Glatfelter Stock Down 6.9 %

GLT stock opened at $21.05 on Wednesday. The company has a debt-to-equity ratio of 4.26, a current ratio of 2.23 and a quick ratio of 1.04. Glatfelter Co. has a 52-week low of $15.80 and a 52-week high of $35.23. The company has a 50-day moving average of $22.07 and a two-hundred day moving average of $21.35. The stock has a market capitalization of $73.68 million, a price-to-earnings ratio of -1.10 and a beta of 1.72.

Insider Buying and Selling at Glatfelter

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 24,668 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $22.62, for a total transaction of $557,990.16. Following the completion of the sale, the insider now directly owns 333,461 shares in the company, valued at $7,542,887.82. This represents a 6.89 % 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. Corporate insiders own 2.26% of the company’s stock.

Analyst Ratings Changes

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

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.