EntryPoint Capital LLC Purchases 30,469 Shares of Mativ Holdings, Inc. $MATV

Key Points

• EntryPoint Capital LLC increased its stake in Mativ Holdings by 65.3% in Q1, owning 77,159 shares valued at approximately $481,000.
• Recent insider transactions include Director Kimberly E. Ritrievi buying 10,000 shares and CEO Shruti Singhal acquiring 40,000 shares, both on May 29th.
• Mativ reported earnings per share of $0.33, exceeding estimates, alongside a quarterly dividend of $0.10 per share with a yield of 3.3%.

EntryPoint Capital LLC grew its holdings in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 65.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,159 shares of the company's stock after acquiring an additional 30,469 shares during the quarter. EntryPoint Capital LLC owned 0.14% of Mativ worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Mativ by 5.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,131,328 shares of the company's stock valued at $25,986,000 after purchasing an additional 217,691 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Mativ by 3.8% in the first quarter. American Century Companies Inc. now owns 1,564,695 shares of the company's stock valued at $9,748,000 after purchasing an additional 57,277 shares in the last quarter. Invesco Ltd. raised its stake in shares of Mativ by 62.8% in the fourth quarter. Invesco Ltd. now owns 943,771 shares of the company's stock valued at $10,287,000 after purchasing an additional 364,117 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mativ by 9.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 751,405 shares of the company's stock valued at $4,681,000 after purchasing an additional 64,265 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Mativ by 3.3% in the fourth quarter. Northern Trust Corp now owns 585,754 shares of the company's stock valued at $6,385,000 after purchasing an additional 18,962 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research upgraded Mativ to a "strong-buy" rating in a research note on Monday, August 11th. Wall Street Zen upgraded Mativ from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Mativ currently has an average rating of "Strong Buy" and a consensus target price of $10.00.

Insider Buying and Selling at Mativ

In other Mativ news, Director Kimberly E. Ritrievi bought 10,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were bought at an average price of $5.88 per share, for a total transaction of $58,800.00. Following the completion of the acquisition, the director owned 30,640 shares of the company's stock, valued at approximately $180,163.20. This trade represents a 48.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Shruti Singhal bought 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were acquired at an average price of $5.76 per share, for a total transaction of $230,400.00. Following the acquisition, the chief executive officer directly owned 56,533 shares of the company's stock, valued at approximately $325,630.08. The trade was a 241.94% increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Mativ Price Performance

Shares of MATV stock traded down $0.27 during trading hours on Tuesday, hitting $11.98. 69,662 shares of the company's stock were exchanged, compared to its average volume of 798,578. The stock's 50-day moving average is $8.10 and its 200-day moving average is $6.84. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The stock has a market cap of $654.89 million, a price-to-earnings ratio of -1.43 and a beta of 0.73. Mativ Holdings, Inc. has a 52 week low of $4.34 and a 52 week high of $19.96.

Mativ (NYSE:MATV - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.18 by $0.15. The company had revenue of $525.40 million for the quarter, compared to analysts' expectations of $505.00 million. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%. As a group, research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Mativ's dividend payout ratio is presently -4.79%.

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.