80,782 Shares in Mativ Holdings, Inc. (NYSE:MATV) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 80,782 shares of the company's stock, valued at approximately $881,000. New Age Alpha Advisors LLC owned about 0.15% of Mativ as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MATV. Illinois Municipal Retirement Fund lifted its holdings in shares of Mativ by 5.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company's stock worth $352,000 after buying an additional 1,583 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Mativ by 1.0% in the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company's stock worth $1,853,000 after buying an additional 1,649 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Mativ in the third quarter worth $35,000. KBC Group NV lifted its holdings in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after buying an additional 2,309 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Mativ by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company's stock valued at $574,000 after purchasing an additional 2,648 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Mativ Price Performance

MATV traded down $0.41 during trading on Friday, hitting $4.87. 1,677,477 shares of the company traded hands, compared to its average volume of 550,974. The company has a market cap of $265.23 million, a PE ratio of -5.41, a P/E/G ratio of 1.08 and a beta of 0.68. The stock's 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $11.44. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. Mativ Holdings, Inc. has a 1 year low of $4.54 and a 1 year 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 positive return on equity of 3.86% and a negative net margin of 2.46%. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, March 14th were paid a $0.10 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 8.22%. Mativ's dividend payout ratio (DPR) is -44.44%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised Mativ from a "hold" rating to a "buy" rating and cut their target price for the stock 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.