Nisa Investment Advisors LLC Sells 3,449 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Nisa Investment Advisors LLC lessened its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,451 shares of the company’s stock after selling 3,449 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Mativ worth $497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS Group AG boosted its position in Mativ by 2.1% during the 1st quarter. UBS Group AG now owns 42,849 shares of the company’s stock valued at $920,000 after acquiring an additional 874 shares in the last quarter. Swiss National Bank boosted its position in Mativ by 0.8% during the 3rd quarter. Swiss National Bank now owns 120,512 shares of the company’s stock valued at $1,719,000 after acquiring an additional 900 shares in the last quarter. LPL Financial LLC boosted its position in Mativ by 8.4% during the 2nd quarter. LPL Financial LLC now owns 12,714 shares of the company’s stock valued at $192,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC boosted its position in Mativ by 11.5% during the 4th quarter. SG Americas Securities LLC now owns 13,556 shares of the company’s stock valued at $208,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Bragg Financial Advisors Inc boosted its position in Mativ by 0.7% during the 2nd quarter. Bragg Financial Advisors Inc now owns 249,113 shares of the company’s stock valued at $3,767,000 after acquiring an additional 1,799 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

Shares of NYSE MATV opened at $17.22 on Thursday. 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 Holdings, Inc. has a 12-month low of $10.78 and a 12-month high of $21.44. The stock’s fifty day simple moving average is $16.70 and its two-hundred day simple moving average is $14.57.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $452.30 million during the quarter, compared to analysts’ expectations of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. Equities analysts expect that Mativ Holdings, Inc. will post 1.5 EPS for the current year.

Mativ Dividend Announcement

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. The ex-dividend date was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. Mativ’s payout ratio is -7.07%.

Insider Transactions at Mativ

In other Mativ news, Director Jeffrey Keenan acquired 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average price of $16.06 per share, with a total value of $48,180.00. Following the transaction, the director now directly owns 312,000 shares of the company’s stock, valued at $5,010,720. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.01% of the company’s stock.

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.