Catalyst Capital Advisors LLC Takes Position in Solstice Advanced Mat $SOLS

Catalyst Capital Advisors LLC purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,327 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors have also recently made changes to their positions in SOLS. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $26,000. Hoey Investments Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $29,000. Finally, Motco purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $30,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $84.23 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a market cap of $13.38 billion and a price-to-earnings ratio of 94.64. The company’s 50 day moving average is $80.06 and its 200 day moving average is $66.49. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SOLS. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Finally, UBS Group raised their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.60.

About Solstice Advanced Mat

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.