P H Glatfelter Co (GLT) VP Sells $105,770.00 in Stock

P H Glatfelter Co (NYSE:GLT) VP Christopher W. Astley sold 7,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $15.11, for a total value of $105,770.00. Following the completion of the transaction, the vice president now directly owns 18,750 shares in the company, valued at approximately $283,312.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of GLT opened at $15.77 on Friday. The firm has a market capitalization of $694.24 million, a price-to-earnings ratio of 75.10, a PEG ratio of 4.38 and a beta of 1.79. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.27 and a current ratio of 1.94. P H Glatfelter Co has a 1 year low of $9.28 and a 1 year high of $20.51.

P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $229.10 million for the quarter, compared to analyst estimates of $241.84 million. P H Glatfelter had a positive return on equity of 0.71% and a negative net margin of 16.56%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. Research analysts anticipate that P H Glatfelter Co will post 0.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 3rd were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.52 annualized dividend and a dividend yield of 3.30%. P H Glatfelter’s payout ratio is presently 247.62%.

Several research firms have weighed in on GLT. Zacks Investment Research raised P H Glatfelter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th. BMO Capital Markets cut their price objective on P H Glatfelter from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 13th. Finally, ValuEngine cut P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. P H Glatfelter currently has a consensus rating of “Buy” and an average target price of $19.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of P H Glatfelter by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,689,417 shares of the basic materials company’s stock valued at $89,614,000 after buying an additional 65,519 shares during the period. Vanguard Group Inc raised its stake in shares of P H Glatfelter by 1.4% in the third quarter. Vanguard Group Inc now owns 4,689,417 shares of the basic materials company’s stock valued at $89,614,000 after buying an additional 65,519 shares during the period. Mondrian Investment Partners LTD raised its stake in shares of P H Glatfelter by 16.9% in the fourth quarter. Mondrian Investment Partners LTD now owns 269,156 shares of the basic materials company’s stock valued at $2,627,000 after buying an additional 38,928 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of P H Glatfelter by 68.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 28,906 shares of the basic materials company’s stock valued at $282,000 after buying an additional 11,780 shares during the period. Finally, Chartwell Investment Partners LLC raised its stake in shares of P H Glatfelter by 149.6% in the fourth quarter. Chartwell Investment Partners LLC now owns 724,368 shares of the basic materials company’s stock valued at $7,070,000 after buying an additional 434,145 shares during the period. Hedge funds and other institutional investors own 94.61% of the company’s stock.

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P H Glatfelter Company Profile

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.

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