EntryPoint Capital LLC Buys New Holdings in Mativ Holdings, Inc. (NYSE:MATV)

EntryPoint Capital LLC purchased a new position in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,690 shares of the company's stock, valued at approximately $509,000. EntryPoint Capital LLC owned 0.09% of Mativ as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Mativ by 0.5% during the third quarter. State Street Corp now owns 2,094,310 shares of the company's stock worth $35,582,000 after purchasing an additional 9,561 shares during the period. American Century Companies Inc. raised its position in shares of Mativ by 20.2% during the 4th quarter. American Century Companies Inc. now owns 1,507,418 shares of the company's stock valued at $16,431,000 after buying an additional 253,365 shares during the period. Geode Capital Management LLC lifted its holdings in Mativ by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company's stock valued at $21,132,000 after acquiring an additional 14,766 shares during the last quarter. Royce & Associates LP grew its position in Mativ by 26.1% in the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company's stock worth $11,889,000 after acquiring an additional 226,090 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Mativ by 44.2% during the fourth quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company's stock worth $6,687,000 after acquiring an additional 187,970 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

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Mativ Trading Down 2.8 %

MATV stock traded down $0.19 during mid-day trading on Friday, hitting $6.41. 910,922 shares of the company were exchanged, compared to its average volume of 539,705. The business has a fifty day simple moving average of $7.83 and a 200-day simple moving average of $11.83. The firm has a market capitalization of $349.19 million, a P/E ratio of -7.12, a PEG ratio of 1.08 and a beta of 0.72. Mativ Holdings, Inc. has a 12-month low of $5.10 and a 12-month high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28.

Mativ (NYSE:MATV - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The firm had revenue of $458.60 million during the quarter, compared to analysts' expectations of $472.70 million. On average, equities research analysts predict that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend was Friday, March 14th. Mativ's dividend payout ratio (DPR) is -44.44%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised Mativ from a "hold" rating to a "buy" rating and decreased their price target for the company from $15.50 to $10.00 in a research note on Monday, March 24th.

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.