Mativ Holdings, Inc. (NYSE:MATV) Holdings Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 224.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,415 shares of the company’s stock after purchasing an additional 27,248 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Mativ worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MATV. Bank of New York Mellon Corp grew its stake in Mativ by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 931,307 shares of the company’s stock valued at $13,280,000 after purchasing an additional 2,621 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Mativ by 5.3% in the third quarter. Nisa Investment Advisors LLC now owns 35,900 shares of the company’s stock worth $512,000 after buying an additional 1,800 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Mativ during the third quarter valued at approximately $459,000. Barclays PLC grew its position in Mativ by 116.2% in the third quarter. Barclays PLC now owns 80,527 shares of the company’s stock worth $1,149,000 after acquiring an additional 43,287 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Mativ by 34.6% during the 3rd quarter. New York State Common Retirement Fund now owns 47,511 shares of the company’s stock valued at $678,000 after purchasing an additional 12,221 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of NYSE MATV opened at $18.81 on Friday. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.08. The company has a market cap of $1.02 billion, a P/E ratio of -3.11, a P/E/G ratio of 3.15 and a beta of 0.75. The business’s 50 day moving average is $18.11 and its two-hundred day moving average is $15.41. The company has a quick ratio of 1.40, a current ratio of 2.54 and a debt-to-equity ratio of 1.29.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The business had revenue of $452.30 million during the quarter, compared to analysts’ expectations of $472.10 million. Mativ had a negative net margin of 15.56% and a positive return on equity of 5.79%. On average, equities analysts expect that Mativ Holdings, Inc. will post 1 EPS for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. Mativ’s dividend payout ratio is currently -6.62%.

Insider Transactions at Mativ

In related news, Director Jeffrey Keenan acquired 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the acquisition, the director now owns 312,000 shares in the company, valued at $5,010,720. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.01% of the stock is currently owned by insiders.

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.