Royce & Associates LP Acquires 226,090 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Royce & Associates LP raised its stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,090,774 shares of the company's stock after buying an additional 226,090 shares during the quarter. Royce & Associates LP owned 2.01% of Mativ worth $11,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in shares of Mativ by 15.9% during the 4th quarter. First Eagle Investment Management LLC now owns 555,796 shares of the company's stock worth $6,058,000 after purchasing an additional 76,400 shares in the last quarter. AlphaQuest LLC increased its holdings in Mativ by 20,544.8% in the fourth quarter. AlphaQuest LLC now owns 11,974 shares of the company's stock worth $131,000 after buying an additional 11,916 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mativ during the fourth quarter valued at approximately $210,000. Bailard Inc. acquired a new stake in Mativ in the fourth quarter valued at approximately $313,000. Finally, Versor Investments LP grew its position in Mativ by 30.8% in the fourth quarter. Versor Investments LP now owns 43,700 shares of the company's stock worth $476,000 after acquiring an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on shares of Mativ in a report on Thursday, November 21st. They set a "hold" rating and a $15.50 price target on the stock.

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Mativ Stock Down 2.0 %

Shares of NYSE:MATV traded down $0.13 on Friday, reaching $6.13. The company had a trading volume of 13,689,400 shares, compared to its average volume of 505,012. The stock has a market capitalization of $333.92 million, a P/E ratio of -6.81, a P/E/G ratio of 1.08 and a beta of 0.72. The stock has a 50-day moving average price of $8.22 and a 200 day moving average price of $12.36. Mativ Holdings, Inc. has a twelve month low of $5.10 and a twelve 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 posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million during the quarter, compared to analyst estimates of $472.70 million. On average, equities analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.53%. Mativ's payout ratio is presently -44.44%.

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.