Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) saw some unusual options trading on Wednesday. Investors purchased 27,002 call options on the company. This represents an increase of 1,214% compared to the average daily volume of 2,055 call options.
Mativ Price Performance
NYSE MATV traded down $0.15 on Wednesday, reaching $9.98. The company had a trading volume of 708,979 shares, compared to its average volume of 513,976. The firm's 50 day moving average price is $12.59 and its 200 day moving average price is $15.60. Mativ has a 12 month low of $9.74 and a 12 month high of $19.96. The stock has a market capitalization of $542.27 million, a PE ratio of 5.09, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.
Mativ Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Friday, November 29th. Mativ's payout ratio is 20.41%.
Analysts Set New Price Targets
Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a report on Thursday, November 21st. They set a "hold" rating and a $15.50 price objective for the company.
Read Our Latest Report on Mativ
Institutional Trading of Mativ
Several hedge funds have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Mativ during the third quarter valued at $25,000. Point72 DIFC Ltd bought a new stake in shares of Mativ in the 3rd quarter worth about $35,000. Truvestments Capital LLC purchased a new stake in shares of Mativ during the 3rd quarter valued at about $82,000. FMR LLC lifted its holdings in shares of Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company's stock valued at $131,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Mativ in the third quarter worth about $146,000. 94.95% of the stock is owned by hedge funds and other institutional investors.
Mativ Company Profile
(
Get Free Report)
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.
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