Glatfelter Corporation (NYSE: GLT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Volume reached 6,363 shares, with price reaching a high of $5.45 and a low of $5.45. Yahoo Finance discussed the stock recently as it posted Glatfelter Reports Second Quarter 2022 Results.

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Stocks Info

Glatfelter Corporation is listed on the NYSE in the Basic Materials sector while operating in the Paper & Paper Products industry. At the end of the last regular session, the stock closed at $5.45 and fluctuated between $5.80 as its day high and $5.37 as its day low. The current market capitalization of Glatfelter Corporation is $250.48M. A total of 0.52 million shares were traded on the day, compared to an average of 403.08K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GLT has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 81,421 and the disposition of 0 shares. Over the last 12 months, there were 32 BUYs and 18 SELLs from insiders. Insiders purchased 334,152 shares during that period but sold 84,120.

In the most recent transaction, ELDER DAVID C bought 2,000 shares of GLT for 8.10 per share on May 23. After the transaction, the Vice Pres, Finance and CAO now owns 73,166 company shares. In a previous transaction on May 20, PARRINI DANTE C bought 3,200 shares at 7.75 per share. GLT shares that Chairman and CEO owns now total 454,256.

Among the insiders who bought shares, ELDER DAVID C acquired of 3,000 shares on May 20 at a per-share price of $7.84. This resulted in the Vice Pres, Finance and CAO holding 71,166 shares of GLT after the transaction. In another insider transaction, Shettigar Ramesh bought 10,000 shares at $7.85 per share on May 19. Company shares held by the Senior VP, CFO & Treasurer now total 18,525.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. GLT’s most recent ex-dividend date was 06/30/2022 when it declared a $0.14 quarterly dividend that was paid in cash on 08/01/2022. Previously, the company paid the dividend on 05/01/2022 with an ex-dividend date of 03/31/2022. The dividend was $0.14 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GLT in the last 3 months, the mean price target is $9.00 with high estimates of $9.00 and low estimates of $9.00. In terms of 52-week highs and lows, GLT has a high of $18.74 and a low of $5.61.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLT is Buy with a score of 0.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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