Is Glatfelter Corporation (GLT) a Worthy Investment?


Investment management firm Upslope Capital Management has released its fourth quarter 2022 investor letter. A copy of the same can be downloaded here. 2022 has been a challenging year for the company, with the fund posting a net profit of 6.5% in 2022. By comparison, the S&P Midcap 400 ETF (MDY) returned -13.3% and the HFRX Equity Hedged Index returned -3.2%. The fund returned 11.2% in the fourth quarter, with the S&P MidCap 400 ETF (MDY) returning 10.7% and the HFRX Equity Hedged Index returning 1.7%. Plus, check out the fund’s top five holdings to see our best picks for 2022.

Upslope Capital Management highlighted stocks such as Glatfelter Corporation (NYSE:GLT) in its fourth quarter 2022 investor letter. Headquartered in Charlotte, North Carolina, Glatfelter Corporation (NYSE:GLT) is in the business of engineering materials. On January 23, 2023, Glatfelter Corporation (NYSE: GLT) stock closed at $3.3500 per share. Glatfelter Corporation’s (NYSE: GLT) one-month return is his 21.82%, and the stock has lost 80.71% in value over the past 52 weeks. Glatfelter Corporation (NYSE:GLT) has a market capitalization of $150,068,000.

Upslope Capital Management made the following comments about Glatfelter Corporation (NYSE:GLT) in its fourth quarter 2022 investor letter:

“Glatfelter” (NYSE:GLT) is a US-listed specialty materials company, although most of its footprint is in Western Europe. Products/end markets include specialty papers/materials for tea, hygiene products (diapers, wipes) and wallpaper. The company had significant exposure to Russia/Ukraine (mainly through wallpaper). Q3 2022 Commencement Position (Disclosed as “Specialty Materials Co”)…” (Click here to read full text)

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Glatfelter Corporation (NYSE:GLT) isn’t on the list of the 30 most popular hedge funds. According to our database, 19 hedge fund portfolios held Glatfelter Corporation (NYSE:GLT) at the end of the third quarter, compared with 11 last quarter.

We covered Glatfelter Corporation (NYSE:GLT) in a separate article and shared a list of high-yielding but safe-dividend stocks. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.

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Disclosure: None. This article was originally published on Insider Monkey.



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