Dynamic Technology Lab Private Ltd Takes $1.16 Million Position in Mativ Holdings, Inc. (NYSE:MATV)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 68,176 shares of the company's stock, valued at approximately $1,158,000. Dynamic Technology Lab Private Ltd owned approximately 0.13% of Mativ as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MATV. nVerses Capital LLC acquired a new position in shares of Mativ during the 3rd quarter valued at $25,000. Renaissance Technologies LLC bought a new position in Mativ during the second quarter valued at about $185,000. Radnor Capital Management LLC acquired a new position in Mativ during the third quarter worth about $186,000. ProShare Advisors LLC raised its position in Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company's stock worth $203,000 after acquiring an additional 607 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Mativ in the 3rd quarter valued at about $228,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus initiated coverage on shares of Mativ in a research note on Thursday, November 21st. They issued a "hold" rating and a $15.50 price objective on the stock.

Mativ Price Performance

NYSE MATV opened at $13.47 on Wednesday. Mativ Holdings, Inc. has a 1 year low of $10.78 and a 1 year high of $19.96. The business's fifty day moving average is $15.64 and its two-hundred day moving average is $16.88. The stock has a market capitalization of $731.96 million, a P/E ratio of 6.87, a P/E/G ratio of 3.89 and a beta of 0.70. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend 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.