Mativ Holdings, Inc. $MATV Shares Bought by EntryPoint Capital LLC

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 raised its position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 65.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of Mativ by 61.2% during the first quarter. Hsbc Holdings PLC now owns 38,828 shares of the company's stock worth $242,000 after buying an additional 14,734 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Mativ by 748.5% during the first quarter. Quantbot Technologies LP now owns 95,179 shares of the company's stock worth $593,000 after buying an additional 83,962 shares in the last quarter. American Century Companies Inc. grew its position in shares of Mativ by 3.8% during the first quarter. American Century Companies Inc. now owns 1,564,695 shares of the company's stock worth $9,748,000 after buying an additional 57,277 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Mativ during the first quarter worth approximately $122,000. Finally, Nuveen LLC acquired a new stake in shares of Mativ during the first quarter worth approximately $1,121,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Insider Transactions at Mativ

In related news, Director Kimberly E. Ritrievi acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average cost of $5.88 per share, for a total transaction of $58,800.00. Following the completion of the purchase, the director directly owned 30,640 shares in the company, valued at $180,163.20. This trade represents a 48.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Shruti Singhal acquired 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $5.76 per share, for a total transaction of $230,400.00. Following the completion of the purchase, the chief executive officer owned 56,533 shares of the company's stock, valued at approximately $325,630.08. This represents a 241.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.01% of the stock is owned by insiders.

Mativ Stock Performance

MATV stock opened at $11.9540 on Thursday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. The stock has a market capitalization of $653.53 million, a price-to-earnings ratio of -1.43 and a beta of 0.73. Mativ Holdings, Inc. has a 1 year low of $4.34 and a 1 year high of $19.96. The stock's fifty day moving average is $7.76 and its two-hundred day moving average is $6.81.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, research analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Mativ's dividend payout ratio (DPR) is presently -4.79%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MATV shares. Wall Street Zen raised shares of Mativ from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Zacks Research raised shares of Mativ to a "strong-buy" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and a consensus target price of $10.00.

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.

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