Y Intercept Hong Kong Ltd Buys Shares of 109,333 Mativ Holdings, Inc. (NYSE:MATV)

Y Intercept Hong Kong Ltd bought a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 109,333 shares of the company's stock, valued at approximately $681,000. Y Intercept Hong Kong Ltd owned approximately 0.20% of Mativ at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Mativ during the 4th quarter worth about $210,000. Quantbot Technologies LP acquired a new stake in shares of Mativ during the 4th quarter worth about $122,000. American Century Companies Inc. boosted its stake in shares of Mativ by 20.2% during the 4th quarter. American Century Companies Inc. now owns 1,507,418 shares of the company's stock worth $16,431,000 after purchasing an additional 253,365 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Mativ by 174.2% during the 4th quarter. Sei Investments Co. now owns 286,992 shares of the company's stock worth $3,128,000 after purchasing an additional 182,341 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Mativ by 30.7% during the 4th quarter. Prudential Financial Inc. now owns 240,228 shares of the company's stock worth $2,873,000 after purchasing an additional 56,358 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

Mativ stock opened at $7.55 on Friday. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $19.96. The stock has a market capitalization of $411.63 million, a P/E ratio of -0.92, a P/E/G ratio of 2.25 and a beta of 0.72. The firm's 50-day moving average is $6.73 and its two-hundred day moving average is $6.88. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.38 and a quick ratio of 1.18.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings results 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). Mativ had a positive return on equity of 3.53% and a negative net margin of 22.70%. The firm had revenue of $484.80 million for the quarter, compared to analyst estimates of $470.30 million. Equities analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 23rd were given a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 5.30%. Mativ's dividend payout ratio is presently -4.88%.

Insider Activity at Mativ

In related news, Director Kimberly E. Ritrievi bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average cost of $5.88 per share, with a total value of $58,800.00. Following the completion of the transaction, the director owned 30,640 shares of the company's stock, valued at approximately $180,163.20. The trade was a 48.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Shruti Singhal bought 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $230,400.00. Following the completion of the transaction, 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. 2.01% of the stock is currently owned by company insiders.

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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