Mativ Holdings, Inc. (NYSE:MATV) Short Interest Up 47.8% in February

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,980,000 shares, a growth of 47.8% from the January 31st total of 1,340,000 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily volume of 533,400 shares, the short-interest ratio is currently 3.7 days.

Mativ Stock Performance

Shares of MATV stock traded up $0.21 during midday trading on Friday, hitting $7.27. The company had a trading volume of 1,024,000 shares, compared to its average volume of 593,327. The stock has a market cap of $396.07 million, a price-to-earnings ratio of -8.07, a PEG ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The company's 50 day simple moving average is $9.07 and its 200 day simple moving average is $13.19. Mativ has a 52-week low of $5.74 and a 52-week high of $19.96.

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

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Mativ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.51%. Mativ's dividend payout ratio (DPR) is -44.44%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MATV. State Street Corp boosted its stake in shares of Mativ by 0.5% in the third quarter. State Street Corp now owns 2,094,310 shares of the company's stock valued at $35,582,000 after buying an additional 9,561 shares in the last quarter. American Century Companies Inc. grew its stake 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 worth $16,431,000 after purchasing an additional 253,365 shares during the period. Geode Capital Management LLC increased its holdings in shares of Mativ by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,247,900 shares of the company's stock valued at $13,606,000 after purchasing an additional 4,386 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Mativ by 26.1% in the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company's stock valued at $11,889,000 after purchasing an additional 226,090 shares during the period. Finally, Invesco Ltd. boosted its holdings in Mativ by 62.8% during the fourth quarter. Invesco Ltd. now owns 943,771 shares of the company's stock worth $10,287,000 after buying an additional 364,117 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

About Mativ

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.