Sei Investments Co. Acquires 182,341 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Sei Investments Co. grew its stake in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 174.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,992 shares of the company's stock after purchasing an additional 182,341 shares during the period. Sei Investments Co. owned approximately 0.53% of Mativ worth $3,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MATV. Point72 DIFC Ltd purchased a new position in Mativ during the third quarter valued at $35,000. KBC Group NV increased its stake in shares of 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 acquiring an additional 2,309 shares in the last quarter. Quantbot Technologies LP purchased a new position in Mativ during the 4th quarter valued at about $122,000. FMR LLC boosted its stake 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 acquiring an additional 4,098 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Mativ by 20,544.8% in the fourth quarter. AlphaQuest LLC now owns 11,974 shares of the company's stock worth $131,000 after purchasing an additional 11,916 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

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

Mativ Stock Down 1.2 %

Shares of NYSE MATV traded down $0.06 during trading on Tuesday, reaching $4.65. The company had a trading volume of 1,428,108 shares, compared to its average volume of 558,292. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. The business's 50-day moving average is $7.15 and its 200 day moving average is $11.10. The stock has a market cap of $253.67 million, a PE ratio of -5.17, a P/E/G ratio of 1.08 and a beta of 0.68.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly 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 firm had revenue of $458.60 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend was Friday, March 14th. Mativ's dividend payout ratio (DPR) is currently -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.