Pillar Pacific Capital Management LLC lessened its position in shares of P H Glatfelter Co (NYSE:GLT) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,000 shares of the basic materials company’s stock after selling 1,170 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in P H Glatfelter were worth $185,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Emerald Advisers LLC acquired a new stake in shares of P H Glatfelter in the 3rd quarter worth approximately $222,000. California Public Employees Retirement System boosted its stake in shares of P H Glatfelter by 2.9% during the third quarter. California Public Employees Retirement System now owns 77,456 shares of the basic materials company’s stock worth $1,192,000 after buying an additional 2,199 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of P H Glatfelter by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 19,107 shares of the basic materials company’s stock worth $294,000 after buying an additional 1,502 shares during the period. Chicago Equity Partners LLC boosted its stake in shares of P H Glatfelter by 359.1% during the third quarter. Chicago Equity Partners LLC now owns 153,764 shares of the basic materials company’s stock worth $2,366,000 after buying an additional 120,269 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of P H Glatfelter by 13.6% during the third quarter. Janney Montgomery Scott LLC now owns 60,526 shares of the basic materials company’s stock worth $932,000 after buying an additional 7,254 shares during the period. Institutional investors own 95.61% of the company’s stock.
GLT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of P H Glatfelter from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra upgraded shares of P H Glatfelter from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ValuEngine cut shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Wednesday.
Shares of P H Glatfelter stock traded up $0.01 during mid-day trading on Friday, reaching $18.64. 34,198 shares of the stock were exchanged, compared to its average volume of 238,500. P H Glatfelter Co has a fifty-two week low of $9.28 and a fifty-two week high of $19.03. The firm has a 50-day simple moving average of $15.57 and a 200 day simple moving average of $15.48. The company has a current ratio of 1.88, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The company has a market cap of $828.65 million, a price-to-earnings ratio of 88.76 and a beta of 1.76.
P H Glatfelter (NYSE:GLT) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. P H Glatfelter had a negative net margin of 6.13% and a positive return on equity of 4.99%. The firm had revenue of $232.50 million for the quarter, compared to analyst estimates of $244.66 million. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts predict that P H Glatfelter Co will post 0.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, October 2nd. P H Glatfelter’s dividend payout ratio is currently 247.62%.
P H Glatfelter 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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