Glatfelter Corporation (NYSE: GLT) Have Dropped -2.58% YTD, What Will Happen Next

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During the last session, Glatfelter Corporation (NYSE:GLT)’s traded shares were 4.33 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $1.89, reflecting an intraday gain of 5.00% or $0.09. The 52-week high for the GLT share is $2.71, that puts it down -43.39 from that peak though still a striking 35.45% gain since the share price plummeted to a 52-week low of $1.22. The company’s market capitalization is $86.00M, and the average intraday trading volume over the past 10 days was 0.86 million shares, and the average trade volume was 258.23K shares over the past three months.

Glatfelter Corporation (GLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GLT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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Glatfelter Corporation (NYSE:GLT) trade information

Glatfelter Corporation (GLT) registered a 5.00% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.00% in intraday trading to $1.89, hitting a weekly high. The stock’s 5-day price performance is 8.62%, and it has moved by 7.39% in 30 days. Based on these gigs, the overall price performance for the year is 12.50%. The short interest in Glatfelter Corporation (NYSE:GLT) is 1.82 million shares and it means that shorts have 6.87 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.44%.

GLT Dividends

Glatfelter Corporation is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 5.08%.

Glatfelter Corporation (NYSE:GLT)’s Major holders

Glatfelter Corporation insiders own 3.63% of total outstanding shares while institutional holders control 69.00%, with the float percentage being 71.61%. CARLSON CAPITAL L P is the largest shareholder of the company, while 111.0 institutions own stock in it. As of 2024-06-30, the company held over 4.71 million shares (or 10.4145% of all shares), a total value of $6.54 million in shares.

The next largest institutional holding, with 3.65 million shares, is of LITTLEJOHN & CO LLC’s that is approximately 8.0804% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.07 million.