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GLT Glatfelter

The S&P 600 is an index of small-cap company stocks created by Standard & Poor's. The index is weighted by float-adjusted market capitalization , where public shares are only taken into consideration, excluding promoters' holding, government holding, strategic holding, and other locked-in shares. Periodically, S&P Dow Jones Indices reflects the changes of the S&P 1000 in response to company takeover, or updating the index based on company market capitalization. The information of the 1003 constituents is extracted from Capital IQ, which is an online service by S&P Global that provides real-time financial, technical, and industry data to investment firms, universities, and researchers. Capital IQ offers various features including credit risk analytics, data on public and private company financials, mergers & acquisitions, Excel plug-in and pre-built templates, chart builder, credit ratings, and shareholder analysis. The following exchange-traded funds attempt to track this index and sub-indexes: SPDR Portfolio Mid Cap ETF

Company profile

Ticker
GLT
Exchange
CEO
Dante Parrini
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GLATFELTER P H CO
SEC CIK
IRS number
230628360

GLT stock data

(
)

Calendar

4 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Glatfelter earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 87.37M 87.37M 87.37M 87.37M 87.37M 87.37M
Cash burn (monthly) 7.43M 1.4M (positive/no burn) (positive/no burn) 2.02M (positive/no burn)
Cash used (since last report) 29.74M 5.62M n/a n/a 8.06M n/a
Cash remaining 57.63M 81.75M n/a n/a 79.3M n/a
Runway (months of cash) 7.8 58.2 n/a n/a 39.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Christopher W. Astley Common Stock, Par Value $.01 Sell Dispose S No Yes 14.89 10,055 149.72K 23,236
7 May 21 Brown Bruce Common Stock, Par Value $.01 Option exercise Aquire M No No 15.29 8,415 128.67K 40,366
7 May 21 Brown Bruce RSU Common Stock, Par Value $.01 Option exercise Dispose M No No 0 8,415 0 0
7 May 21 Brown Bruce RSU Common Stock, Par Value $.01 Grant Aquire A No No 0 287 0 8,415
7 May 21 Dahlberg Kathleen Common Stock, Par Value $.01 Option exercise Aquire M No No 15.29 8,415 128.67K 83,220
7 May 21 Dahlberg Kathleen RSU Common Stock, Par Value $.01 Option exercise Dispose M No No 0 8,415 0 0
7 May 21 Dahlberg Kathleen RSU Common Stock, Par Value $.01 Grant Aquire A No No 0 287 0 8,415
7 May 21 Marie T. Gallagher Common Stock, Par Value $.01 Option exercise Aquire M No No 15.29 10,029 153.34K 10,029
7 May 21 Marie T. Gallagher RSU Common Stock, Par Value $.01 Option exercise Dispose M No No 0 10,029 0 0
7 May 21 Marie T. Gallagher RSU Common Stock, Par Value $.01 Grant Aquire A No No 0 342 0 10,029

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

99.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 133 131 +1.5%
Opened positions 14 131 -89.3%
Closed positions 12 0 NEW
Increased positions 43 0 NEW
Reduced positions 46 0 NEW
13F shares
Current Prev Q Change
Total value 755.26M 740.65M +2.0%
Total shares 44.22M 45.19M -2.2%
Total puts 25.7K 0 NEW
Total calls 0 25.6K EXIT
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 7.14M $122.4M +5.2%
Vanguard 4.59M $78.75M +3.6%
Dimensional Fund Advisors 3.63M $62.29M -1.0%
Franklin Mutual Advisers 3.56M $58.29M 0.0%
SAMG Silvercrest Asset Management 2.22M $38.11M -19.8%
Segall Bryant & Hamill 2.19M $37.53M +3.1%
Fuller & Thaler Asset Management 2.12M $36.34M +16.0%
BEN Franklin Resources 1.97M $33.73M -44.7%
STT State Street 1.56M $27.04M +11.5%
Systematic Financial Management 1.03M $17.63M -5.1%
Largest transactions
Shares Bought/sold Change
BEN Franklin Resources 1.97M -1.59M -44.7%
SAMG Silvercrest Asset Management 2.22M -549.88K -19.8%
PFG Principal Financial Group Inc - Registered Shares 304.94K -364.59K -54.5%
BLK Blackrock 7.14M +353.49K +5.2%
Fuller & Thaler Asset Management 2.12M +291.95K +16.0%
NTRS Northern Trust 769.97K -279.67K -26.6%
JPM JPMorgan Chase & Co. 536.67K +218.6K +68.7%
Carlson Capital L P 710.2K +210.2K +42.0%
Victory Capital Management 233.44K +205.18K +726.1%
STT State Street 1.56M +161.97K +11.5%

Financial report summary

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Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • COVID-19 Pandemic  On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic as the virus spread throughout the world. The COVID-19 pandemic and the actions undertaken throughout the world in an attempt to contain the virus have had an unprecedented and significant adverse impact on global economies in terms of reduced GDP, increased unemployment, and insolvencies in a variety of industries and markets. As a result, we have experienced and may continue to experience weaker demand for certain of our products due to the effects of the pandemic. During the first three months of 2021, our financial performance and results of operations have been impacted by the pandemic primarily by weaker demand for tabletop products used by restaurants, catering and similar venues, all of which were impacted by “lockdowns” throughout many regions of the world. The majority of our other product portfolios are considered to be “essential or life-sustaining” and we continued to produce products used in the global response effort to the pandemic. We believe demand for certain of our products, such as Composite Fibers’ food & beverage filtration products and Airlaid Materials’ personal hygiene and wipes, will remain strong.
  • Pending Acquisition  As discussed in Item 1 - Financial Statements, Note 3 “Pending Acquisition,” we signed a definitive agreement to purchase Georgia-Pacific's U.S. nonwovens business (“G-P”) for $175 million. This business includes the Mount Holly, NC manufacturing facility, with annual production capacity of approximately 37,000 metric tons, and an R&D center and pilot line for nonwovens product development in Memphis, TN. G-P had annual net sales of approximately $100 million in 2020. Upon completion
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