Allspring Global Investments Holdings LLC increased its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,132,265 shares of the company's stock after buying an additional 56,983 shares during the period. Allspring Global Investments Holdings LLC owned 7.62% of Mativ worth $63,265,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in shares of Mativ by 23.9% during the third quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company's stock worth $49,242,000 after purchasing an additional 665,352 shares during the period. Dark Forest Capital Management LP bought a new position in Mativ during the 3rd quarter worth approximately $774,000. Barclays PLC grew its holdings in Mativ by 116.2% during the third quarter. Barclays PLC now owns 80,527 shares of the company's stock valued at $1,149,000 after purchasing an additional 43,287 shares during the period. WealthTrust Axiom LLC increased its stake in Mativ by 11.8% in the third quarter. WealthTrust Axiom LLC now owns 37,835 shares of the company's stock valued at $540,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Tejara Capital Ltd acquired a new stake in Mativ in the third quarter worth $2,354,000. Institutional investors own 94.95% of the company's stock.
Insider Buying and Selling
In other Mativ news, Director Jeffrey Keenan acquired 3,000 shares of Mativ stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $16.06 per share, for a total transaction of $48,180.00. Following the purchase, the director now directly owns 312,000 shares in the company, valued at approximately $5,010,720. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.01% of the stock is currently owned by corporate insiders.
Mativ Stock Up 0.7 %
Shares of NYSE MATV traded up $0.12 during mid-day trading on Thursday, reaching $17.86. 224,300 shares of the company's stock were exchanged, compared to its average volume of 521,656. The company has a current ratio of 2.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $14.49. Mativ Holdings, Inc. has a twelve month low of $10.78 and a twelve month high of $21.60. The firm has a market capitalization of $969.80 million, a price-to-earnings ratio of -3.16, a PEG ratio of 2.04 and a beta of 0.74.
Mativ (NYSE:MATV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The business had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. As a group, equities analysts expect that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.
Mativ Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 7th. Mativ's dividend payout ratio is presently -7.07%.
About Mativ
(
Free Report)
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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