Mativ Holdings, Inc. (NYSE:MATV) Short Interest Up 47.8% in February

Mativ Holdings, Inc. (NYSE:MATV) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,980,000 shares, a growth of 47.8% from the January 31st total of 1,340,000 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily volume of 533,400 shares, the short-interest ratio is currently 3.7 days.

Mativ Price Performance

Shares of NYSE:MATV opened at $6.15 on Wednesday. The firm’s 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $13.36. 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 company has a market capitalization of $333.89 million, a P/E ratio of -6.83, a P/E/G ratio of 1.08 and a beta of 0.66. Mativ has a 1-year low of $5.74 and a 1-year high of $19.96.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. Research analysts expect that Mativ will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 6.51%. Mativ’s payout ratio is -44.44%.

Institutional Trading of Mativ

Several institutional investors and hedge funds have recently modified their holdings of MATV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mativ by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,724 shares of the company’s stock valued at $335,000 after acquiring an additional 1,121 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Mativ by 5.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock valued at $352,000 after acquiring an additional 1,583 shares during the last quarter. Rhumbline Advisers increased 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 last quarter. MetLife Investment Management LLC increased its holdings in Mativ by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,153 shares of the company’s stock valued at $361,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Mativ in the 3rd quarter valued at $35,000. 94.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus initiated coverage on Mativ in a research note on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

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.