Mativ Holdings, Inc. (NYSE:MATV) Director William M. Cook Acquires 1,500 Shares

Mativ Holdings, Inc. (NYSE:MATV) Director William M. Cook purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $15.52 per share, for a total transaction of $23,280.00. Following the purchase, the director now owns 18,936 shares in the company, valued at $293,886.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mativ Stock Down 0.3 %

Shares of MATV traded down $0.05 on Monday, hitting $15.39. 299,526 shares of the stock traded hands, compared to its average volume of 401,487. The company has a market capitalization of $841.96 million, a PE ratio of -25.46, a P/E/G ratio of 2.16 and a beta of 0.80. Mativ Holdings, Inc. has a one year low of $13.92 and a one year high of $28.99. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 2.26. The business has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $17.87.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Mativ had a positive return on equity of 9.73% and a negative net margin of 1.21%. The firm had revenue of $668.30 million during the quarter, compared to analysts’ expectations of $679.00 million. As a group, equities analysts forecast that Mativ Holdings, Inc. will post 1.2 earnings per share for the current fiscal year.

Mativ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 25th 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 2.60%. The ex-dividend date is Thursday, August 24th. Mativ’s payout ratio is presently -65.57%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new stake in Mativ in the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. bought a new position in shares of Mativ during the 4th quarter valued at $42,000. PNC Financial Services Group Inc. purchased a new position in shares of Mativ in the 4th quarter worth $51,000. Belpointe Asset Management LLC bought a new stake in shares of Mativ in the fourth quarter worth $52,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Mativ during the fourth quarter valued at $56,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.