Stock Traders Purchase Large Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of unusually large options trading activity on Friday. Stock traders bought 3,998 call options on the stock. This represents an increase of 84% compared to the typical daily volume of 2,168 call options.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus started coverage on shares of Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 target price for the company.

Institutional Trading of Mativ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter worth about $25,000. Point72 DIFC Ltd acquired a new stake in Mativ during the third quarter worth approximately $35,000. Truvestments Capital LLC purchased a new stake in Mativ in the 3rd quarter worth approximately $82,000. FMR LLC raised its holdings in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Mativ in the 3rd quarter valued at $146,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Price Performance

Shares of Mativ stock traded down $0.13 during trading on Friday, hitting $11.83. 81,070 shares of the company were exchanged, compared to its average volume of 404,158. Mativ has a fifty-two week low of $10.78 and a fifty-two week high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average price of $14.40 and a 200 day moving average price of $16.39. The stock has a market capitalization of $642.84 million, a price-to-earnings ratio of 6.10, a P/E/G ratio of 3.29 and a beta of 0.64.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.38%. Mativ’s dividend payout ratio is currently 20.41%.

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.