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 purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,536 shares of the company's stock, valued at approximately $215,000. Walleye Capital LLC owned 0.06% of Mativ at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Mativ by 119.7% in the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock valued at $28,000 after acquiring an additional 2,431 shares during the period. ProShare Advisors LLC raised its stake in Mativ by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 16,276 shares of the company's stock valued at $177,000 after acquiring an additional 5,007 shares during the period. QRG Capital Management Inc. bought a new stake in Mativ in the 1st quarter valued at $64,000. Hsbc Holdings PLC raised its stake in Mativ by 61.2% in the 1st quarter. Hsbc Holdings PLC now owns 38,828 shares of the company's stock valued at $242,000 after acquiring an additional 14,734 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mativ by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,747 shares of the company's stock valued at $1,033,000 after acquiring an additional 18,531 shares during the period. Institutional investors own 94.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mativ Stock Performance

NYSE MATV traded down $0.12 on Wednesday, reaching $12.14. The stock had a trading volume of 385,410 shares, compared to its average volume of 681,673. 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 firm has a fifty day moving average of $9.45 and a two-hundred day moving average of $7.17. Mativ Holdings, Inc. has a 1-year low of $4.34 and a 1-year high of $19.96. The company has a market cap of $663.42 million, a P/E ratio of -1.45 and a beta of 0.83.

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

Mativ Announces Dividend

The business 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 of this dividend is Friday, August 29th. Mativ's dividend payout ratio is -4.79%.

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.