EntryPoint Capital LLC Acquires New Position in Mativ Holdings, Inc. (NYSE:MATV)

EntryPoint Capital LLC bought a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 46,690 shares of the company’s stock, valued at approximately $509,000.

A number of other hedge funds have also bought and sold shares of the stock. Barnett & Company Inc. grew its holdings in shares of Mativ by 4.3% during the fourth quarter. Barnett & Company Inc. now owns 202,461 shares of the company’s stock valued at $2,207,000 after buying an additional 8,300 shares during the last quarter. Prudential Financial Inc. raised its position in Mativ by 30.7% during the 4th quarter. Prudential Financial Inc. now owns 240,228 shares of the company’s stock worth $2,873,000 after buying an additional 56,358 shares during the last quarter. Sei Investments Co. lifted its stake in Mativ by 174.2% during the 4th quarter. Sei Investments Co. now owns 286,992 shares of the company’s stock valued at $3,128,000 after acquiring an additional 182,341 shares during the period. American Century Companies Inc. boosted its holdings in shares of Mativ by 20.2% in the 4th quarter. American Century Companies Inc. now owns 1,507,418 shares of the company’s stock valued at $16,431,000 after acquiring an additional 253,365 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Mativ during the fourth quarter worth $122,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised shares of Mativ from a “hold” rating to a “buy” rating and lowered their price target for the company from $15.50 to $10.00 in a report on Monday.

Mativ Stock Up 9.4 %

Mativ stock opened at $6.67 on Tuesday. Mativ Holdings, Inc. has a 52 week low of $5.10 and a 52 week high of $19.96. The firm has a market cap of $363.36 million, a price-to-earnings ratio of -7.41, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The business’s 50-day moving average price is $8.09 and its 200 day moving average price is $12.10. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. As a group, sell-side analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Friday, March 14th. Mativ’s dividend payout ratio (DPR) is presently -44.44%.

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.