TheStreet Downgrades Glatfelter (NYSE:GLT) to D+

Glatfelter (NYSE:GLTGet Rating) was downgraded by TheStreet from a “c” rating to a “d+” rating in a report released on Tuesday, TheStreetRatingsTable reports.

Separately, StockNews.com assumed coverage on shares of Glatfelter in a research note on Thursday, March 31st. They issued a “sell” rating on the stock.

NYSE GLT opened at $9.38 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.96 and a current ratio of 1.72. The firm has a market cap of $419.38 million, a PE ratio of -3.83 and a beta of 1.43. Glatfelter has a one year low of $8.70 and a one year high of $18.74. The firm’s fifty day moving average is $12.33 and its two-hundred day moving average is $15.28.

Glatfelter (NYSE:GLTGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The basic materials company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Glatfelter had a net margin of 0.64% and a return on equity of 4.91%.

In other news, Director Bruce Brown purchased 3,750 shares of the company’s stock in a transaction dated Thursday, March 3rd. The shares were acquired at an average cost of $13.60 per share, for a total transaction of $51,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dante C. Parrini bought 10,000 shares of the stock in a transaction on Thursday, February 17th. The shares were bought at an average price of $13.49 per share, for a total transaction of $134,900.00. The disclosure for this purchase can be found here. Insiders own 2.38% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Wilen Investment Management CORP. grew its position in Glatfelter by 100.0% during the fourth quarter. Wilen Investment Management CORP. now owns 2,000 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,000 shares during the period. UMB Bank N A MO acquired a new position in Glatfelter during the fourth quarter worth about $34,000. US Asset Management LLC acquired a new position in Glatfelter during the first quarter worth about $30,000. Advisor Group Holdings Inc. grew its position in Glatfelter by 150.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,499 shares of the basic materials company’s stock worth $43,000 after buying an additional 1,503 shares during the period. Finally, Royal Bank of Canada grew its position in Glatfelter by 42.6% during the second quarter. Royal Bank of Canada now owns 3,226 shares of the basic materials company’s stock worth $46,000 after buying an additional 963 shares during the period. Institutional investors own 91.43% of the company’s stock.

Glatfelter Company Profile (Get Rating)

Glatfelter Corporation, together with its subsidiaries, manufactures and sells 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.

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