Glatfelter (NYSE:GLT) EVP John P. Jacunski sold 6,674 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $20.85, for a total value of $139,152.90. Following the transaction, the executive vice president now owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Glatfelter (NYSE GLT) traded down $0.06 during trading on Friday, reaching $19.72. The company’s stock had a trading volume of 1,676 shares, compared to its average volume of 170,257. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. Glatfelter has a 12-month low of $16.53 and a 12-month high of $25.59. The firm has a market capitalization of $869.98, a PE ratio of 16.23, a PEG ratio of 3.53 and a beta of 1.39.

Glatfelter (NYSE:GLT) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $402.74 million. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. analysts expect that Glatfelter will post 1.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 11th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.52 dividend on an annualized basis and a yield of 2.64%. Glatfelter’s dividend payout ratio (DPR) is presently 1,733.33%.

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GLT has been the subject of a number of analyst reports. BidaskClub downgraded Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Glatfelter from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Glatfelter from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Glatfelter presently has an average rating of “Hold” and an average target price of $21.25.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of Glatfelter by 73.5% during the second quarter. Bank of Montreal Can now owns 5,607 shares of the basic materials company’s stock valued at $110,000 after buying an additional 2,376 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Glatfelter by 10.3% during the second quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after buying an additional 638 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Glatfelter by 78.7% during the second quarter. State of Alaska Department of Revenue now owns 8,597 shares of the basic materials company’s stock valued at $167,000 after buying an additional 3,787 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Glatfelter during the third quarter valued at approximately $178,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Glatfelter during the first quarter valued at approximately $256,000. 92.67% of the stock is currently owned by institutional investors.

Glatfelter Company Profile

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

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