Mativ Sees Unusually High Options Volume (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 18,453 call options on the company. This is an increase of approximately 908% compared to the typical volume of 1,831 call options.

Hedge Funds Weigh In On Mativ

A number of institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter worth about $25,000. Rhumbline Advisers raised its holdings in Mativ by 1.0% in the 4th quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,649 shares during the period. Point72 DIFC Ltd acquired a new stake in Mativ during the third quarter worth approximately $35,000. Creative Planning boosted its holdings in shares of Mativ by 17.6% during the third quarter. Creative Planning now owns 15,330 shares of the company’s stock worth $260,000 after acquiring an additional 2,295 shares during the period. Finally, KBC Group NV grew its position in shares of Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after purchasing an additional 2,309 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Up 0.6 %

Shares of NYSE MATV traded up $0.06 during mid-day trading on Friday, hitting $9.55. The company had a trading volume of 429,474 shares, compared to its average volume of 431,019. Mativ has a one year low of $9.21 and a one year high of $19.96. The company has a market capitalization of $518.91 million, a PE ratio of 4.87, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. The firm has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $14.82.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). Mativ had a return on equity of 4.88% and a net margin of 5.44%. The company had revenue of $498.50 million for the quarter, compared to analyst estimates of $523.80 million. During the same period last year, the firm earned $0.21 EPS. On average, equities analysts expect that Mativ will post 0.6 EPS for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 4.19%. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus initiated coverage on shares of Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 target price for the company.

Mativ Company Profile

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.