Investors Purchase Large Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 27,002 call options on the company. This represents an increase of approximately 1,214% compared to the average volume of 2,055 call options.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus started coverage on shares of Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective on the stock.

Institutional Trading of Mativ

A number of hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Mativ in the third quarter valued at approximately $25,000. Point72 DIFC Ltd purchased a new stake in Mativ in the 3rd quarter worth $35,000. Creative Planning grew its position in shares of Mativ by 17.6% in the third quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after purchasing an additional 2,295 shares during the period. Franklin Resources Inc. lifted its stake in Mativ by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock worth $574,000 after purchasing an additional 2,648 shares in the last quarter. Finally, FMR LLC grew its position in shares of Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of NYSE:MATV traded down $0.09 during trading on Wednesday, hitting $10.04. The stock had a trading volume of 248,902 shares, compared to its average volume of 403,089. The stock has a 50-day simple moving average of $12.59 and a two-hundred day simple moving average of $15.60. The stock has a market capitalization of $545.53 million, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. Mativ has a 12-month low of $9.74 and a 12-month high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.98%. Mativ’s payout ratio is currently 20.41%.

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.