Mon Sep 23 22:46:44 UTC 2024: ## Glatfelter Co. Insider Sells Shares, StockNews.com Upgrades Rating

**New York, NY (MarketBeat News)** – Carlson Capital, L.P., a major shareholder in Glatfelter Co. (NYSE:GLT), sold 50,000 shares of the company’s stock on September 19th, according to a filing with the Securities & Exchange Commission. The shares were sold at an average price of $1.82, for a total value of $91,000.00. Following the transaction, the insider now owns 4,655,691 shares of Glatfelter.

The sale comes as Glatfelter’s stock price has been on an upward trend. On Monday, NYSE:GLT traded up $0.11, hitting $1.79. The company has a market cap of $81.00 million, a P/E ratio of -0.83, and a beta of 1.73.

Meanwhile, StockNews.com upgraded its rating on Glatfelter from “sell” to “hold” on August 9th. This suggests the company’s outlook is improving, although investors may not see a significant immediate upside.

Glatfelter Corporation, headquartered in Pennsylvania, is a leading manufacturer and seller of engineered materials globally. The company operates in three segments: Composite Fibers, Airlaid Materials, and Spunlace, producing a wide range of products used in various industries, including food and beverage filtration, wallcoverings, metallized products, composite laminates, and specialty engineered products.

While the insider sale may raise some concerns, it’s important to consider other factors, including StockNews.com’s upgrade and the company’s overall performance. Investors will be watching closely to see how Glatfelter continues to navigate the market in the coming months.

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