Algert Global LLC Purchases Shares of 45,229 Mativ Holdings, Inc. (NYSE:MATV)

Algert Global LLC purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 45,229 shares of the company's stock, valued at approximately $768,000. Algert Global LLC owned about 0.08% of Mativ as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MATV. Versor Investments LP bought a new stake in shares of Mativ in the third quarter worth $567,000. Tidal Investments LLC bought a new stake in Mativ during the 1st quarter worth about $1,033,000. AQR Capital Management LLC bought a new stake in Mativ during the 2nd quarter worth about $778,000. First Eagle Investment Management LLC grew its holdings in shares of Mativ by 9.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company's stock valued at $7,583,000 after acquiring an additional 38,500 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its position in shares of Mativ by 152.2% in the second quarter. Dark Forest Capital Management LP now owns 40,348 shares of the company's stock valued at $684,000 after acquiring an additional 24,349 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus initiated coverage on Mativ in a research report on Thursday, November 21st. They set a "hold" rating and a $15.50 price target for the company.

Mativ Stock Down 2.1 %

Shares of NYSE:MATV traded down $0.28 during midday trading on Friday, hitting $13.15. The stock had a trading volume of 244,562 shares, compared to its average volume of 403,584. The company has a market cap of $714.57 million, a P/E ratio of 6.71, a PEG ratio of 3.76 and a beta of 0.70. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The business's 50-day simple moving average is $15.21 and its 200-day simple moving average is $16.77. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ Dividend Announcement

The company 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, November 29th. Mativ's dividend payout ratio (DPR) is presently 20.41%.

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.