XTX Topco Ltd Buys Shares of 172,226 Mativ Holdings, Inc. (NYSE:MATV)

Key Points

• XTX Topco Ltd has invested $1.07 million by purchasing 172,226 shares of Mativ Holdings, Inc. (NYSE: MATV), representing 0.32% of the company's total shares.
• Mativ's CEO, Shruti Singhal, increased her stake in the company by 241.94% after acquiring 40,000 shares at an average price of $5.76.
• Despite Mativ's quarterly revenue of $484.80 million surpassing estimates, the company reported a loss of ($0.14) earnings per share, missing the consensus estimate.

XTX Topco Ltd bought a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 172,226 shares of the company's stock, valued at approximately $1,073,000. XTX Topco Ltd owned approximately 0.32% of Mativ as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Readystate Asset Management LP purchased a new stake in Mativ during the 1st quarter valued at $282,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Mativ during the 1st quarter valued at $681,000. Mayflower Financial Advisors LLC grew its position in shares of Mativ by 5.3% during the 1st quarter. Mayflower Financial Advisors LLC now owns 358,100 shares of the company's stock valued at $2,231,000 after acquiring an additional 18,000 shares during the period. CWM LLC grew its position in shares of Mativ by 707.7% during the 1st quarter. CWM LLC now owns 4,701 shares of the company's stock valued at $29,000 after acquiring an additional 4,119 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Mativ by 5.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,131,328 shares of the company's stock worth $25,986,000 after buying an additional 217,691 shares during the period. 94.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Mativ

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

Mativ Price Performance

MATV stock traded up $0.20 during mid-day trading on Tuesday, hitting $6.57. The company had a trading volume of 291,700 shares, compared to its average volume of 510,202. The company has a quick ratio of 1.18, a current ratio of 2.38 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. The company has a 50-day moving average price of $6.87 and a 200 day moving average price of $6.74. The company has a market capitalization of $357.92 million, a price-to-earnings ratio of -0.80 and a beta of 0.73.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $484.80 million during the quarter, compared to the consensus estimate of $470.30 million. Mativ had a positive return on equity of 3.53% and a negative net margin of 22.70%. On average, research analysts anticipate that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, May 23rd. Mativ's payout ratio is presently -4.88%.

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.