Gamco Investors INC. ET AL Has $2.40 Million Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Gamco Investors INC. ET AL reduced its position in Mativ Holdings, Inc. (NYSE:MATV) by 5.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 128,000 shares of the company’s stock after selling 8,000 shares during the period. Gamco Investors INC. ET AL owned about 0.24% of Mativ worth $2,400,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Mativ by 93.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock worth $37,000 after purchasing an additional 1,154 shares during the period. GAMMA Investing LLC bought a new stake in shares of Mativ during the 4th quarter worth about $101,000. SageView Advisory Group LLC acquired a new position in Mativ in the 1st quarter valued at about $108,000. PNC Financial Services Group Inc. raised its holdings in Mativ by 18.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock valued at $126,000 after acquiring an additional 1,314 shares during the period. Finally, ProShare Advisors LLC lifted its position in Mativ by 5.9% during the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of NYSE:MATV traded up $0.70 during trading on Friday, reaching $18.72. 296,318 shares of the stock were exchanged, compared to its average volume of 496,855. The firm has a market cap of $1.02 billion, a PE ratio of -3.10, a PEG ratio of 3.00 and a beta of 0.70. The company has a current ratio of 2.54, a quick ratio of 1.40 and a debt-to-equity ratio of 1.29. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.34. The stock has a 50-day moving average price of $17.23 and a 200-day moving average price of $16.48.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23). The firm had revenue of $500.20 million during the quarter, compared to analyst estimates of $492.10 million. Mativ had a negative net margin of 15.56% and a positive return on equity of 5.79%. Research analysts expect that Mativ Holdings, Inc. will post 1 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, May 23rd. Mativ’s dividend payout ratio (DPR) is -6.62%.

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.