ValuEngine upgraded shares of P H Glatfelter (NYSE:GLT) from a hold rating to a buy rating in a research note released on Tuesday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut P H Glatfelter from a hold rating to a sell rating in a research note on Tuesday, March 27th. TheStreet upgraded P H Glatfelter from a c+ rating to a b- rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $21.58.
Shares of GLT stock opened at $20.80 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 0.96. The company has a market capitalization of $925.32, a P/E ratio of 18.10, a P/E/G ratio of 3.16 and a beta of 1.28. P H Glatfelter has a 1 year low of $16.53 and a 1 year high of $23.85.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, April 2nd. P H Glatfelter’s payout ratio is presently 44.83%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLT. SG Americas Securities LLC bought a new stake in P H Glatfelter during the third quarter worth $178,000. Balter Liquid Alternatives LLC bought a new stake in P H Glatfelter during the fourth quarter worth $186,000. Millennium Management LLC bought a new stake in P H Glatfelter during the fourth quarter worth $208,000. M&T Bank Corp bought a new stake in P H Glatfelter during the fourth quarter worth $273,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in P H Glatfelter during the fourth quarter worth $308,000. Hedge funds and other institutional investors own 91.66% of the company’s stock.
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About P H Glatfelter
P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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