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