Now Is The Time To Build A Position In Glatfelter Corporation (NYSE:GLT)

Glatfelter Corporation (NYSE:GLT)’s traded shares stood at 0.53 million during the last session, with the company’s beta value hitting 1.74. At the close of trading, the stock’s price was $1.58, to imply an increase of 5.33% or $0.08 in intraday trading. The GLT share’s 52-week high remains $2.71, putting it -71.52% down since that peak but still an impressive 22.78% since price per share fell to its 52-week low of $1.22. The company has a valuation of $71.73M, with an average of 0.22 million shares in intraday trading volume over the past 10 days and average of 361.12K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Glatfelter Corporation (GLT), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give GLT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.

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Glatfelter Corporation (NYSE:GLT) trade information

After registering a 5.33% upside in the last session, Glatfelter Corporation (GLT) has traded red over the past five days. The 5-day price performance for the stock is 0.64%, and -7.60% over 30 days. With these gigs, the year-to-date price performance is -18.56%. Short interest in Glatfelter Corporation (NYSE:GLT) saw shorts transact 0.74 million shares and set a 4.49 days time to cover.

GLT Dividends

Glatfelter Corporation has its next earnings report out on 2022-Nov-03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 5.08%.

Glatfelter Corporation (NYSE:GLT)’s Major holders

Glatfelter Corporation insiders hold 3.64% of total outstanding shares, with institutional holders owning 71.77% of the shares at 74.48% float percentage. In total, 71.77% institutions holds shares in the company, led by CARLSON CAPITAL L P. As of 2024-06-30, the company held over 4.71 million shares (or 10.4145% of shares), all amounting to roughly $6.54 million.

The next major institution holding the largest number of shares is LITTLEJOHN & CO LLC with 3.65 million shares, or about 8.0804% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.07 million.