Barnett & Company Inc. Acquires 8,300 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Barnett & Company Inc. increased its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,461 shares of the company’s stock after buying an additional 8,300 shares during the period. Mativ accounts for approximately 1.4% of Barnett & Company Inc.’s investment portfolio, making the stock its 25th biggest position. Barnett & Company Inc. owned approximately 0.37% of Mativ worth $2,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in shares of Mativ by 0.5% during the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company’s stock valued at $35,582,000 after purchasing an additional 9,561 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 253,365 shares during the last quarter. Geode Capital Management LLC boosted its position in Mativ by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock valued at $21,132,000 after buying an additional 14,766 shares in the last quarter. Royce & Associates LP grew its stake in shares of Mativ by 26.1% during the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock worth $11,889,000 after buying an additional 226,090 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mativ by 44.2% during the fourth quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock worth $6,687,000 after buying an additional 187,970 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of MATV stock opened at $6.13 on Monday. The business’s 50-day moving average price is $8.15 and its 200-day moving average price is $12.18. Mativ Holdings, Inc. has a 12 month low of $5.10 and a 12 month high of $19.96. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $333.92 million, a price-to-earnings ratio of -6.81, a PEG ratio of 1.08 and a beta of 0.72.

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

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Friday, March 14th. Mativ’s dividend payout ratio is presently -44.44%.

Mativ Company 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.