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Should You Buy P.H. Glatfelter Company (GLT)?

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What’s a smart P.H. Glatfelter Company (NYSE:GLT) investor to do?

To many traders, hedge funds are perceived as bloated, old financial tools of an era lost to time. Although there are over 8,000 hedge funds trading in present day, Insider Monkey aim at the aristocrats of this group, close to 525 funds. It is widely held that this group has its hands on most of the smart money’s total capital, and by paying attention to their highest quality investments, we’ve revealed a number of investment strategies that have historically beaten the S&P 500. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).

Equally as necessary, bullish insider trading activity is another way to analyze the stock market universe. Just as you’d expect, there are lots of incentives for an executive to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Many empirical studies have demonstrated the impressive potential of this tactic if piggybackers know what to do (learn more here).

What’s more, let’s discuss the latest info for P.H. Glatfelter Company (NYSE:GLT).

P.H. Glatfelter Company (NYSE:GLT)

What have hedge funds been doing with P.H. Glatfelter Company (NYSE:GLT)?

In preparation for the third quarter, a total of 14 of the hedge funds we track were bullish in this stock, a change of 17% from the previous quarter. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings considerably.

When using filings from the hedgies we track, Martin Whitman’s Third Avenue Management had the biggest position in P.H. Glatfelter Company (NYSE:GLT), worth close to $25 million, comprising 0.5% of its total 13F portfolio. On Third Avenue Management’s heels is Cliff Asness of AQR Capital Management, with a $3.3 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers that hold long positions include D. E. Shaw’s D E Shaw, Joel Greenblatt’s Gotham Asset Management and Robert B. Gillam’s McKinley Capital Management.

As aggregate interest spiked, certain bigger names were leading the bulls’ herd. Third Avenue Management, managed by Martin Whitman, created the largest position in P.H. Glatfelter Company (NYSE:GLT). Third Avenue Management had 25 million invested in the company at the end of the quarter. Cliff Asness’s AQR Capital Management also made a $3.3 million investment in the stock during the quarter. The other funds with brand new GLT positions are D. E. Shaw’s D E Shaw, Joel Greenblatt’s Gotham Asset Management, and Robert B. Gillam’s McKinley Capital Management.

What do corporate executives and insiders think about P.H. Glatfelter Company (NYSE:GLT)?

Bullish insider trading is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the latest half-year time frame, P.H. Glatfelter Company (NYSE:GLT) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to P.H. Glatfelter Company (NYSE:GLT). These stocks are KapStone Paper and Packaging Corp. (NYSE:KS), Schweitzer-Mauduit International, Inc. (NYSE:SWM), Clearwater Paper Corp (NYSE:CLW), Buckeye Technologies Inc. (NYSE:BKI), and Boise Inc. (NYSE:BZ). This group of stocks are in the paper & paper products industry and their market caps are similar to GLT’s market cap.

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