Mativ (NYSE:MATV) Shares Down 4.2%

Mativ Holdings, Inc. (NYSE:MATV) traded down 4.2% during mid-day trading on Tuesday . The stock traded as low as $14.76 and last traded at $14.81. 526,931 shares traded hands during trading, an increase of 21% from the average session volume of 437,089 shares. The stock had previously closed at $15.46.

Mativ Trading Down 5.6 %

The company has a debt-to-equity ratio of 1.29, a current ratio of 2.54 and a quick ratio of 1.40. The firm has a market capitalization of $792.53 million, a price-to-earnings ratio of -2.45, a P/E/G ratio of 2.78 and a beta of 0.70. The firm’s 50-day simple moving average is $17.18 and its 200 day simple moving average is $16.71.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.23). Mativ had a negative net margin of 15.56% and a positive return on equity of 5.79%. The company had revenue of $500.20 million during the quarter, compared to the consensus estimate of $492.10 million. Equities analysts expect that Mativ Holdings, Inc. will post 1 earnings per share for the current year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.74%. Mativ’s payout ratio is -6.62%.

Hedge Funds Weigh In On Mativ

A number of institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock valued at $203,000 after acquiring an additional 607 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Mativ by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,176 shares of the company’s stock valued at $885,000 after buying an additional 688 shares during the period. GAMMA Investing LLC boosted its position in Mativ by 12.2% in the first quarter. GAMMA Investing LLC now owns 7,402 shares of the company’s stock worth $139,000 after purchasing an additional 803 shares during the last quarter. Quadrant Capital Group LLC grew 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 valued at $37,000 after acquiring an additional 1,154 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Mativ by 18.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock valued at $126,000 after purchasing an additional 1,314 shares during the period. Institutional investors own 94.95% of the company’s stock.

About Mativ

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.