Carlson Capital Doubles Glatfelter Stake, Plans Talks

Investing

Published: October 19, 2022 3:12 am

Last Updated: October 19, 2022 12:27 pm

Carlson Capital L P filed a 13D form with the US Securities & Exchange Commission that it doubled its stake in Glatfelter Corp (US:GLT) above 10% to 5.4 million shares, switched its filing status to 13D, and plans to discuss issues with the company.

In a February 25 filing, the company reported 2.2 million, or shares and 5.07% of the company, an increase in shares of 139.60% and a decrease in total ownership of 5.07% (calculated as current – previous percent ownership).

Carlson’s filed four 13D/G filings since Sept. 20, 2021.

Glatfelter shares rose 16% on Tuesday.

What are other large shareholders doing?

BlackRock Inc. holds 7,390,862 shares representing 16.50% ownership of the company. In its prior filing, the firm reported owning 7,213,257 shares, representing an increase of 2.40%. The firm decreased its portfolio allocation in GLT by 32.20% over the last quarter.

Vanguard Group Inc holds 3,859,257 shares representing 8.62% ownership of the company. In its prior filing, the firm reported owning 4,807,941 shares, representing a decrease of 24.58%. The firm decreased its portfolio allocation in GLT by 46.99% over the last quarter.

Segall Bryant & Hamill, LLC holds 3,432,883 shares representing 7.66% ownership of the company. In its prior filing, the firm reported owning 3,247,684 shares, representing an increase of 5.39%. The firm decreased its portfolio allocation in GLT by 30.85% over the last quarter.

Dimensional Fund Advisors LP holds 3,207,567 shares representing 7.16% ownership of the company. In its prior filing, the firm reported owning 3,360,994 shares, representing a decrease of 4.78%. The firm decreased its portfolio allocation in GLT by 87.04% over the last quarter.

IJR – iShares Core S&P Small-Cap ETF holds 3,120,442 shares representing 6.97% ownership of the company. In its prior filing, the firm reported owning 3,168,820 shares, representing a decrease of 1.55%. The firm decreased its portfolio allocation in GLT by 34.16% over the last quarter.

What is the overall institutional sentiment?

There are 398 funds or institutions reporting positions in Glatfelter Corp. This is a decrease of 15 owner(s) or 3.63%.

The average portfolio weight of all funds dedicated to Glatfelter Corp is 0.0536%, a decrease of 35.9471%. Total shares owned by institutions decreased in the last three months by 0.22% to 49,625,712 shares.

Based on this information, institutional sentiment is bearish.

This article originally appeared on Fintel

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!