Dymon Asia Capital Singapore PTE. LTD. Makes New $1.73 Million Investment in Solstice Advanced Mat $SOLS

Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,546 shares of the company’s stock, valued at approximately $1,727,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SOLS. Ferguson Wellman Capital Management Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $2,259,000. Parsons Capital Management Inc. RI purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $625,000. JFS Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at about $121,000. Pathway Financial Advisors LLC purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $337,000. Finally, Tradewinds Capital Management LLC bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $89,000.

Wall Street Analyst Weigh In

SOLS has been the subject of several recent analyst reports. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Royal Bank Of Canada boosted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. TD Cowen started coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Truist Financial assumed coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Up 2.3%

SOLS stock opened at $83.06 on Friday. The company’s 50 day moving average is $81.87 and its 200 day moving average is $69.17. The stock has a market cap of $13.19 billion and a price-to-earnings ratio of 93.33. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts predict that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Solstice Advanced Mat Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.