Mativ Holdings, Inc. (NYSE:MATV) Position Boosted by Royce & Associates LP

Royce & Associates LP grew its position in Mativ Holdings, Inc. (NYSE:MATV) by 26.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,090,774 shares of the company’s stock after buying an additional 226,090 shares during the period. Royce & Associates LP’s holdings in Mativ were worth $11,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MATV. Point72 DIFC Ltd acquired a new stake in Mativ during the third quarter worth about $35,000. KBC Group NV raised its position in shares of Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after purchasing an additional 2,309 shares during the period. Truvestments Capital LLC bought a new stake in shares of Mativ in the 3rd quarter worth approximately $82,000. FMR LLC boosted its position in Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the period. Finally, AlphaQuest LLC grew its stake in Mativ by 20,544.8% during the 4th quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock worth $131,000 after buying an additional 11,916 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mativ Price Performance

NYSE MATV opened at $6.16 on Tuesday. The company has a 50-day moving average price of $8.54 and a two-hundred day moving average price of $12.62. Mativ Holdings, Inc. has a 52 week low of $5.10 and a 52 week high of $19.96. The stock has a market cap of $335.94 million, a price-to-earnings ratio of -6.85, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (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 business had revenue of $458.60 million for the quarter, compared to analyst estimates of $472.70 million. Analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, March 14th. Mativ’s dividend payout ratio (DPR) is -44.44%.

Mativ 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.