Mativ (NYSE:MATV) Trading Down 3.8%

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report)'s share price traded down 3.8% on Wednesday . The company traded as low as $17.88 and last traded at $17.94. 118,163 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 541,967 shares. The stock had previously closed at $18.65.

Mativ Stock Performance

The business's 50-day simple moving average is $15.53 and its two-hundred day simple moving average is $14.36. The firm has a market cap of $998.03 million, a price-to-earnings ratio of -3.25, a P/E/G ratio of 2.06 and a beta of 0.74. The company has a quick ratio of 1.28, a current ratio of 2.53 and a debt-to-equity ratio of 1.18.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. The company had revenue of $452.30 million during the quarter, compared to analysts' expectations of $472.10 million. As a group, sell-side analysts expect that Mativ Holdings, Inc. will post 1.5 earnings per share for the current fiscal year.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 annualized dividend and a yield of 2.18%. Mativ's dividend payout ratio (DPR) is presently -7.07%.

Insider Buying and Selling at Mativ

In other news, Director Jeffrey Keenan acquired 3,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $16.06 per share, with a total value of $48,180.00. Following the transaction, the director now owns 312,000 shares in the company, valued at $5,010,720. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mativ

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Mativ by 93.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company's stock worth $37,000 after purchasing an additional 1,154 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Mativ during the 4th quarter worth $42,000. PNC Financial Services Group Inc. acquired a new stake in Mativ during the 4th quarter worth $51,000. Public Employees Retirement System of Ohio acquired a new stake in Mativ during the 4th quarter worth $56,000. Finally, Metropolitan Life Insurance Co NY acquired a new stake in Mativ during the 4th quarter worth $67,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.