Radnor Capital Management LLC Buys Shares of 10,950 Mativ Holdings, Inc. (NYSE:MATV)

Radnor Capital Management LLC purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,950 shares of the company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MATV. BNP Paribas Financial Markets raised its position in shares of Mativ by 425.6% during the 1st quarter. BNP Paribas Financial Markets now owns 139,984 shares of the company’s stock worth $2,625,000 after buying an additional 113,350 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Mativ by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,176 shares of the company’s stock worth $885,000 after buying an additional 688 shares in the last quarter. Empowered Funds LLC raised its position in shares of Mativ by 8.2% during the 1st quarter. Empowered Funds LLC now owns 197,359 shares of the company’s stock worth $3,700,000 after buying an additional 14,875 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Mativ during the 1st quarter worth about $569,000. Finally, ProShare Advisors LLC raised its holdings in shares of Mativ by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after purchasing an additional 607 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Down 21.1 %

NYSE MATV opened at $13.73 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.46 and a quick ratio of 1.33. The company’s 50 day simple moving average is $16.94 and its 200 day simple moving average is $17.35. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The company has a market capitalization of $745.91 million, a P/E ratio of -2.29, a PEG ratio of 3.18 and a beta of 0.70.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Mativ had a negative net margin of 16.55% and a positive return on equity of 5.19%. The business had revenue of $523.80 million for the quarter, compared to the consensus estimate of $526.50 million. During the same period in the previous year, the firm earned $0.51 EPS. Equities research analysts expect that Mativ Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.91%. Mativ’s payout ratio is currently -6.68%.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.