Nisa Investment Advisors LLC Cuts Position in Mativ Holdings, Inc. (NYSE:MATV)

Nisa Investment Advisors LLC decreased its position in Mativ Holdings, Inc. (NYSE:MATV) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,451 shares of the company’s stock after selling 3,449 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mativ were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG raised its position in Mativ by 2.1% in the first quarter. UBS Group AG now owns 42,849 shares of the company’s stock valued at $920,000 after purchasing an additional 874 shares during the period. Swiss National Bank raised its position in Mativ by 0.8% in the third quarter. Swiss National Bank now owns 120,512 shares of the company’s stock valued at $1,719,000 after purchasing an additional 900 shares during the period. LPL Financial LLC raised its position in Mativ by 8.4% in the second quarter. LPL Financial LLC now owns 12,714 shares of the company’s stock valued at $192,000 after purchasing an additional 989 shares during the period. SG Americas Securities LLC raised its position in Mativ by 11.5% in the fourth quarter. SG Americas Securities LLC now owns 13,556 shares of the company’s stock valued at $208,000 after purchasing an additional 1,398 shares during the period. Finally, Bragg Financial Advisors Inc raised its position in Mativ by 0.7% in the second quarter. Bragg Financial Advisors Inc now owns 249,113 shares of the company’s stock valued at $3,767,000 after purchasing an additional 1,799 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Trading Down 1.2 %

Shares of NYSE MATV opened at $17.22 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $21.44. The business’s 50 day moving average is $16.70 and its two-hundred day moving average is $14.57.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. The business had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. As a group, equities research analysts predict that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 7th. Mativ’s dividend payout ratio is currently -7.07%.

Insider Transactions at Mativ

In related news, Director Jeffrey Keenan acquired 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $16.06 per share, with a total value of $48,180.00. Following the completion of the transaction, the director now owns 312,000 shares of the company’s stock, valued at $5,010,720. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.01% of the company’s stock.

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.