New Age Alpha Advisors LLC Makes New Investment in Mativ Holdings, Inc. (NYSE:MATV)

New Age Alpha Advisors LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mativ in the 3rd quarter valued at $252,000. Intech Investment Management LLC increased its stake in shares of Mativ by 33.6% during the third quarter. Intech Investment Management LLC now owns 29,442 shares of the company's stock worth $500,000 after acquiring an additional 7,403 shares during the period. FMR LLC raised its holdings in Mativ by 113.3% during the third quarter. FMR LLC now owns 7,716 shares of the company's stock worth $131,000 after purchasing an additional 4,098 shares in the last quarter. PDT Partners LLC acquired a new stake in Mativ in the third quarter valued at about $817,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mativ in the 3rd quarter valued at approximately $146,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised Mativ from a "hold" rating to a "buy" rating and reduced their price target for the company from $15.50 to $10.00 in a report on Monday, March 24th.

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Mativ Price Performance

Shares of NYSE:MATV traded down $0.49 on Friday, reaching $4.78. 764,091 shares of the company were exchanged, compared to its average volume of 544,894. 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. The company has a 50-day moving average of $7.55 and a 200-day moving average of $11.54. The firm has a market cap of $260.60 million, a price-to-earnings ratio of -5.31, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72.

Mativ (NYSE:MATV - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). The company 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%. Equities analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend was Friday, March 14th. Mativ's dividend payout ratio (DPR) is presently -44.44%.

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.