Rhumbline Advisers Sells 45,795 Shares of Glatfelter Co. (NYSE:GLT)

Rhumbline Advisers decreased its position in Glatfelter Co. (NYSE:GLT) by 68.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,180 shares of the basic materials company’s stock after selling 45,795 shares during the quarter. Rhumbline Advisers’ holdings in Glatfelter were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CastleKnight Management LP raised its holdings in shares of Glatfelter by 25.6% during the fourth quarter. CastleKnight Management LP now owns 579,207 shares of the basic materials company’s stock valued at $1,124,000 after acquiring an additional 117,910 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings 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 worth $55,000 after purchasing an additional 15,855 shares in the last quarter. Littlejohn & Co. LLC lifted its position in shares of Glatfelter by 111.5% in the 1st quarter. Littlejohn & Co. LLC now owns 3,067,767 shares of the basic materials company’s stock worth $6,136,000 after purchasing an additional 1,617,110 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 92,314 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Glatfelter by 17.6% during the first 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. 76.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 320,691 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.74, for a total transaction of $558,002.34. Following the completion of the transaction, the insider now owns 4,335,000 shares of the company’s stock, valued at $7,542,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.59% of the stock is currently owned by insiders.

Glatfelter Trading Down 2.2 %

NYSE GLT opened at $1.76 on Wednesday. The firm has a market capitalization of $79.65 million, a PE ratio of -0.87 and a beta of 1.73. The stock’s 50 day moving average is $1.65 and its 200 day moving average is $1.65. Glatfelter Co. has a twelve month low of $1.22 and a twelve month 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.

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

Analyst Upgrades and Downgrades

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

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.