GAMMA Investing LLC Invests $101,000 in Mativ Holdings, Inc. (NYSE:MATV)

GAMMA Investing LLC purchased a new position in Mativ Holdings, Inc. (NYSE:MATV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,599 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Mativ by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,522,582 shares of the company’s stock valued at $93,012,000 after purchasing an additional 56,774 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Mativ by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,132,265 shares of the company’s stock worth $63,265,000 after purchasing an additional 56,983 shares during the last quarter. Rubric Capital Management LP increased its holdings in shares of Mativ by 16.4% in the 3rd quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company’s stock valued at $57,040,000 after acquiring an additional 562,422 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Mativ by 23.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company’s stock valued at $49,242,000 after acquiring an additional 665,352 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Mativ by 3.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,040,868 shares of the company’s stock valued at $15,935,000 after acquiring an additional 37,440 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey Keenan acquired 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $16.06 per share, for a total transaction of $48,180.00. Following the completion of the acquisition, the director now directly owns 312,000 shares in the company, valued at approximately $5,010,720. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.01% of the stock is currently owned by insiders.

Mativ Price Performance

Shares of MATV opened at $17.88 on Monday. The stock has a fifty day moving average price of $17.49 and a 200 day moving average price of $14.80. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.28 and a current ratio of 2.53. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.76.

Mativ (NYSE:MATV) 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 firm had revenue of $452.30 million during the quarter, compared to the consensus estimate of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. As a group, sell-side analysts anticipate that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. Mativ’s dividend payout ratio (DPR) is presently -7.07%.

Mativ 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.