Is Glatfelter Corporation (GLT) a Worthy Investment?

Upslope Capital Management, an investment management firm, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. 2022 was a rewarding year for the firm, and the fund returned 6.5% net in 2022, compared to -13.3% return for the S&P Midcap 400 ETF (MDY) and -3.2% return for the HFRX Equity Hedge Index. In the fourth quarter, the fund returned 11.2% compared to a 10.7% return for the S&P Midcap 400 ETF (MDY) and a 1.7% return for the HFRX Equity Hedge Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Upslope Capital Management highlighted stocks like Glatfelter Corporation (NYSE:GLT) in the Q4 2022 investor letter. Headquartered in Charlotte, North Carolina, Glatfelter Corporation (NYSE:GLT) engages in the business of engineered materials. On January 23, 2023, Glatfelter Corporation (NYSE:GLT) stock closed at $3.3500 per share. One-month return of Glatfelter Corporation (NYSE:GLT) was 21.82%, and its shares lost 80.71% of their value over the last 52 weeks. Glatfelter Corporation (NYSE:GLT) has a market capitalization of $150.068 million.

Upslope Capital Management made the following comment about Glatfelter Corporation (NYSE:GLT) in its Q4 2022 investor letter:

“Glatfelter Corporation (NYSE:GLT) is a specialty materials company listed in the US, but with most of its footprint in W Europe. Products/end markets include specialty papers/materials for tea, hygiene (diapers, wipes), and wallpaper. The company had material exposure to Russia/Ukraine (largely via wallcoverings). Position initiated in Q3 2022 (disclosed as “Specialty Materials Co”)…” (Click here to rad the full text)

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Glatfelter Corporation (NYSE:GLT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held Glatfelter Corporation (NYSE:GLT) at the end of the third quarter which was 11 in the previous quarter.

We discussed Glatfelter Corporation (NYSE:GLT) in another article and shared the list of high-yield but safe dividend stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.