PDT Partners LLC Makes New Investment in Mativ Holdings, Inc. (NYSE:MATV)

PDT Partners LLC purchased a new position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,112 shares of the company's stock, valued at approximately $817,000. PDT Partners LLC owned 0.09% of Mativ as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. increased its stake in shares of Mativ by 67.2% in the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company's stock valued at $12,719,000 after purchasing an additional 301,488 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Mativ by 12.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company's stock worth $26,187,000 after acquiring an additional 176,600 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Mativ during the 3rd quarter valued at approximately $1,158,000. Tidal Investments LLC acquired a new position in Mativ during the 1st quarter worth approximately $1,033,000. Finally, Dimensional Fund Advisors LP boosted its position in Mativ by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company's stock valued at $36,546,000 after buying an additional 52,858 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Mativ Stock Performance

Shares of MATV stock traded down $0.62 during trading on Tuesday, hitting $12.74. The company's stock had a trading volume of 366,061 shares, compared to its average volume of 403,276. The business has a fifty day moving average of $15.14 and a 200-day moving average of $16.72. The company has a market cap of $692.02 million, a PE ratio of 6.53, a P/E/G ratio of 3.71 and a beta of 0.64. Mativ Holdings, Inc. has a 52 week low of $10.78 and a 52 week high of $19.96. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, November 29th. Mativ's dividend payout ratio (DPR) is currently 20.41%.

Analyst Ratings Changes

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

Mativ 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.