Mativ Holdings, Inc. $MATV Shares Newly Purchased by DBA Trading LLC

DBA Trading LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 70,000 shares of the company’s stock, valued at approximately $811,000. Mativ makes up 1.4% of DBA Trading LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in Mativ by 1,082.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $29,000 after buying an additional 2,164 shares during the period. GSA Capital Partners LLP bought a new position in Mativ in the second quarter worth approximately $78,000. WINTON GROUP Ltd acquired a new stake in Mativ in the second quarter valued at approximately $78,000. Legal & General Group Plc acquired a new stake in Mativ in the second quarter valued at approximately $86,000. Finally, Ethic Inc. acquired a new stake in Mativ in the third quarter valued at approximately $151,000. 94.95% of the stock is owned by institutional investors.

Mativ Price Performance

Shares of NYSE:MATV opened at $12.11 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11. The stock has a market cap of $668.57 million, a PE ratio of 7.52 and a beta of 0.93. The stock’s fifty day simple moving average is $11.90 and its two-hundred day simple moving average is $10.28. Mativ Holdings, Inc. has a 1-year low of $7.07 and a 1-year high of $15.48.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. The firm had revenue of $499.50 million during the quarter, compared to analyst estimates of $510.00 million. Mativ had a net margin of 4.64% and a return on equity of 12.18%. As a group, analysts forecast that Mativ Holdings, Inc. will post 1.03 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 27th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 27th. Mativ’s dividend payout ratio is presently 24.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MATV shares. Weiss Ratings lowered Mativ from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen downgraded shares of Mativ from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Mativ

Mativ is a global specialty materials company that develops and manufactures engineered materials for a range of industrial and consumer applications. Its products include filtration media, specialty papers, films, adhesive solutions, release liners, and materials used in healthcare and packaging. The company serves customers across markets such as filtration, infrastructure, transportation, healthcare, food and beverage, and consumer products. Its materials are designed for uses including air and liquid filtration, product protection, labeling, and technical applications.