P H Glatfelter Co (NYSE:GLT) Short Interest Update

P H Glatfelter Co (NYSE:GLT) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 863,800 shares, a decline of 8.5% from the January 15th total of 944,400 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 210,100 shares, the short-interest ratio is presently 4.1 days.

GLT stock traded down $0.42 during trading on Friday, hitting $16.87. The company had a trading volume of 83,849 shares. The firm has a 50-day moving average price of $17.40 and a 200-day moving average price of $16.45. P H Glatfelter has a 12 month low of $12.88 and a 12 month high of $19.03.

P H Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $230.97 million during the quarter, compared to the consensus estimate of $227.16 million. During the same quarter last year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that P H Glatfelter will post 0.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 3rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, January 2nd.

Several research analysts recently weighed in on GLT shares. ValuEngine cut shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Zacks Investment Research cut shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, Cfra upgraded shares of P H Glatfelter from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

Hedge funds have recently bought and sold shares of the stock. Americana Partners LLC acquired a new stake in P H Glatfelter during the 4th quarter worth $28,000. Tower Research Capital LLC TRC grew its holdings in P H Glatfelter by 4,867.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,967 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 4,867 shares during the period. SG Americas Securities LLC acquired a new stake in P H Glatfelter during the 3rd quarter worth $113,000. Alberta Investment Management Corp acquired a new stake in P H Glatfelter during the 3rd quarter worth $155,000. Finally, Bank of Montreal Can grew its holdings in P H Glatfelter by 17.1% during the 4th quarter. Bank of Montreal Can now owns 9,353 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 1,365 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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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