Walleye Capital LLC Invests $215,000 in Mativ Holdings, Inc. $MATV

Key Points

• Walleye Capital LLC has invested approximately $215,000 in Mativ Holdings, acquiring 34,536 shares, representing 0.06% ownership in the company.
• Mativ Holdings has reported earnings per share of $0.33 for the last quarter, exceeding analyst expectations, and posted a revenue of $525.4 million.
• The company has announced a $0.10 quarterly dividend with a payment date set for September 26th, resulting in an annualized dividend yield of 3.3%.

Walleye Capital LLC bought a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,536 shares of the company's stock, valued at approximately $215,000. Walleye Capital LLC owned 0.06% of Mativ as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Mativ by 119.7% during the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock worth $28,000 after buying an additional 2,431 shares during the period. CWM LLC increased its position in shares of Mativ by 707.7% in the 1st quarter. CWM LLC now owns 4,701 shares of the company's stock valued at $29,000 after purchasing an additional 4,119 shares during the last quarter. US Bancorp DE increased its position in shares of Mativ by 204.2% in the 1st quarter. US Bancorp DE now owns 5,677 shares of the company's stock valued at $35,000 after purchasing an additional 3,811 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Mativ in the 1st quarter valued at approximately $64,000. Finally, AlphaQuest LLC increased its position in shares of Mativ by 52.7% in the 1st quarter. AlphaQuest LLC now owns 18,279 shares of the company's stock valued at $114,000 after purchasing an additional 6,305 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Trading Down 1.1%

Shares of Mativ stock opened at $12.05 on Friday. The stock has a market cap of $658.77 million, a price-to-earnings ratio of -1.44 and a beta of 0.83. The company has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $7.06. The company has a current ratio of 2.37, a quick ratio of 1.21 and a debt-to-equity ratio of 2.65. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $19.96.

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

Mativ Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Mativ to a "strong-buy" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Mativ from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and a consensus target price of $10.00.

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.

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