Mativ Holdings, Inc. (NYSE:MATV) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,090,774 shares of the company’s stock after acquiring an additional 226,090 shares during the period. Royce & Associates LP owned approximately 2.01% of Mativ worth $11,889,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in Mativ in the 3rd quarter valued at $35,000. KBC Group NV boosted 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 worth $52,000 after buying an additional 2,309 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Mativ in the third quarter valued at about $82,000. FMR LLC raised its holdings in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after buying an additional 4,098 shares during the period. Finally, AlphaQuest LLC lifted its position in Mativ by 20,544.8% during the 4th quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock worth $131,000 after acquiring an additional 11,916 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Mativ stock opened at $6.16 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The firm’s fifty day moving average price is $8.54 and its 200 day moving average price is $12.62. The company has a market capitalization of $335.94 million, a price-to-earnings ratio of -6.85, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. Mativ Holdings, Inc. has a 12-month low of $5.10 and a 12-month high of $19.96.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. On average, research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Friday, March 14th. Mativ’s dividend payout ratio (DPR) is currently -44.44%.

Analysts Set New Price Targets

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

Mativ 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.