Wolverine Asset Management LLC Has $867,000 Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Wolverine Asset Management LLC increased its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 331.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,586 shares of the company’s stock after acquiring an additional 61,155 shares during the quarter. Wolverine Asset Management LLC owned about 0.15% of Mativ worth $867,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MATV. Point72 DIFC Ltd bought a new stake in Mativ in the third quarter valued at about $35,000. KBC Group NV increased its holdings in shares of Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after acquiring an additional 2,309 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Mativ in the third quarter worth about $82,000. FMR LLC increased its holdings in shares of Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Mativ in the third quarter worth about $146,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Down 8.2 %

MATV stock opened at $6.86 on Friday. 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 stock has a market capitalization of $372.50 million, a P/E ratio of -7.62, a P/E/G ratio of 1.08 and a beta of 0.66. The business has a 50-day moving average of $9.93 and a 200-day moving average of $13.85. Mativ Holdings, Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $19.96.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share 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 analyst estimates of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. On average, sell-side analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

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 is Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 5.84%. Mativ’s dividend payout ratio is currently -44.44%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price target for the company.

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.