Traders Purchase Large Volume of Mativ Call Options (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) was the recipient of some unusual options trading on Friday. Investors bought 3,998 call options on the company. This represents an increase of approximately 84% compared to the typical daily volume of 2,168 call options.

Mativ Trading Down 0.1 %

NYSE:MATV traded down $0.01 on Friday, reaching $11.95. The stock had a trading volume of 326,006 shares, compared to its average volume of 405,194. Mativ has a 12-month low of $10.78 and a 12-month high of $19.96. The company has a market cap of $649.32 million, a price-to-earnings ratio of 6.10, a P/E/G ratio of 3.29 and a beta of 0.64. The firm's fifty day moving average is $14.32 and its two-hundred day moving average is $16.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.35%. Mativ's payout ratio is currently 20.41%.

Analyst Ratings Changes

Separately, Stifel Nicolaus started 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of Mativ in the third quarter valued at $25,000. Point72 DIFC Ltd purchased a new stake in Mativ in the 3rd quarter valued at about $35,000. Price T Rowe Associates Inc. MD grew its holdings in Mativ by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,556 shares of the company's stock valued at $292,000 after buying an additional 2,273 shares during the period. Creative Planning increased its stake in shares of Mativ by 17.6% during the 3rd quarter. Creative Planning now owns 15,330 shares of the company's stock valued at $260,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Mativ by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company's stock worth $574,000 after acquiring an additional 2,648 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.