During August, there was a noticeable increase in the number of short positions available in Glatfelter Company (NYSE: GLT). As of August 31, there were 2,120,000 shares borrowed, a 26.2% rise over the number borrowed the day before, which was 1,680,000. The current short-interest ratio is 4.2 days, which was determined based on an average daily volume of 503,300 shares. This indicates that there are currently 4.2 times more short than long positions. In addition, 4.9% of the company’s shares are sold on the short market.
Institutional investors have recently made adjustments to the number of shares of the company that they hold in their portfolios. During the fourth quarter of 2018, Segall Bryant & Hamill LLC acquired an additional 3.5 percent of Glatfelter’s shares, bringing its total ownership to 38.5 percent.
The most recent quarter saw Segall Bryant & Hamill LLC acquire an extra 112,396 shares of stock in the basic materials company, bringing their total number of shares owned to 3,278,506. The current value of these shares, when traded on the market, is $56,388,000. JPMorgan Chase & Co. increased its holdings of Glatfelter stock by 313.2 percent in the last three months of 2018. After purchasing an additional 1,710,272 shares of the firm that deals in primary materials during the most recent quarter, JPMorgan Chase & Co. now has a total of 2,256,355 shares of ownership. There is a value of $38,809,000 attached to these shares. Fuller & Thaler Asset Management Inc. increased its stake in Glatfelter by 0.4 percent during the first three months of 2018. Fuller & Thaler Asset Management Inc. currently has 1,946,871 stock held by the basic materials company following the acquisition of an additional 7,681 shares during the most recent quarter. This gives the company a total value of $24,102,00 due to the total value of the stock.
During the second quarter, the State Street Corporation achieved a 0.7% rise in the proportion of Glatfelter stock it owned. State Street Corporation is now the owner of a total of 1,575,034 shares of the basic materials company after purchasing an additional 11,719 shares during the most recent quarter. The stock is now valued at $11,054,000. Not to mention, throughout the first three months of this year, Royce & Associates LP added 14.9% more Glatfelter equities to its portfolio, which brings us to our last point. After purchasing an additional 148,711 shares during the most recent quarter, Royce & Associates LP now has a total of 1,143,584 shares of stock in the basic materials company. The stock is presently valued at $14,158,000. The majority of the company’s stock, or 90.93 percent, is owned by hedge funds and other institutional investors. On Monday, August 29, Glatfelter Director J. Robert Hall purchased 20,000 shares of the company’s stock. This development comes as part of other Glatfelter-related news. On average, each share of stock was purchased for $4.66, which resulted in the total cost of buying the company’s shares being $93,200.00.
Following the conclusion of the transaction, the director now owns 107,573 shares in the company. The total value of these shares is $501,290.18. If you follow this link, you will be brought to a document submitted to the Securities and Exchange Commission (SEC). The paper contains an in-depth explanation of the transaction reported to the SEC. Insiders own the entire number of shares now outstanding in the corporation to 2.38%. When trading started on Friday, the price of a share of Glatfelter’s stock was $4.20. This price remained unchanged throughout the day.
Number one stands for the quick ratio. Number one stands for the current ratio and the two stands for the debt-to-equity ratio. Prices for Glatfelter have fluctuated widely over the past year, from $3.81 to $18.74 on average. The moving average of the company’s stock price for the past 200 days is $8.43, while the moving average of its stock price over the last 50 days is $5.48. On August 2, 2018, Glatfelter (NYSE: GLT) made its most recent quarterly report accessible to the general public.
The basic materials division reported earnings per share for the quarter of $0.04, which was $0.19 more than the earnings that industry analysts projected for the division, which were $0.23. The earnings were also $0.04 higher than the previous quarters per share of $0.01. Glatfelter had a 0.70 percent return on equity, and the company had an 8.33 percent negative net margin.
On a global scale, the manufacture of engineered materials and their subsequent sale are the responsibility of the Glatfelter Corporation and its various subsidiaries. Spunlace, air-laid materials, and composite fibers are the company’s three unique business segments that operate independently from one another.
The Wallpaper Manufacturers use the Wallcover Base Materials provided by the Composite Fibers Business Segment. The Composite Fibers Business Segment’s Food and Beverage Filtration Materials are used in single-serve coffee and tea products. The metalized products provided by the Composite Fibers Business Segment are used in labeling, packaging liners, gift wraps, and other consumer product applications. The Composite Laminates that the Composite Fiber Business provides