Dynamic Technology Lab Private Ltd Invests $1.16 Million in Mativ Holdings, Inc. (NYSE:MATV)

Dynamic Technology Lab Private Ltd purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 68,176 shares of the company’s stock, valued at approximately $1,158,000. Dynamic Technology Lab Private Ltd owned 0.13% of Mativ as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Mativ during the third quarter worth about $25,000. ProShare Advisors LLC increased its stake in Mativ by 5.9% during the 1st quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after buying an additional 607 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Mativ during the second quarter valued at approximately $185,000. Radnor Capital Management LLC purchased a new position in shares of Mativ in the third quarter valued at approximately $186,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Mativ in the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus began 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 Price Performance

MATV stock opened at $13.47 on Wednesday. Mativ Holdings, Inc. has a 1 year low of $10.78 and a 1 year high of $19.96. The firm has a market capitalization of $731.96 million, a PE ratio of 7.14, a price-to-earnings-growth ratio of 3.66 and a beta of 0.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The business has a 50 day simple moving average of $15.64 and a 200-day simple moving average of $16.88.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.97%. Mativ’s dividend payout ratio is presently 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.