GAMMA Investing LLC Buys New Stake in Mativ Holdings, Inc. (NYSE:MATV)

GAMMA Investing LLC bought a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,599 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds have also bought and sold shares of the stock. Swiss National Bank increased its stake in Mativ by 0.8% during the 3rd 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 in the last quarter. SG Americas Securities LLC increased its stake in shares of Mativ by 11.5% in the fourth quarter. SG Americas Securities LLC now owns 13,556 shares of the company’s stock worth $208,000 after acquiring an additional 1,398 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Mativ by 5.3% in the third quarter. Nisa Investment Advisors LLC now owns 35,900 shares of the company’s stock worth $512,000 after acquiring an additional 1,800 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Mativ by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 931,307 shares of the company’s stock worth $13,280,000 after acquiring an additional 2,621 shares during the period. Finally, Truvestments Capital LLC increased its stake in shares of Mativ by 2.8% in the third quarter. Truvestments Capital LLC now owns 104,488 shares of the company’s stock worth $1,490,000 after acquiring an additional 2,885 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Mativ

In other news, Director Jeffrey Keenan bought 3,000 shares of Mativ stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the purchase, the director now directly owns 312,000 shares of the company’s stock, valued at $5,010,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.01% of the company’s stock.

Mativ Stock Performance

NYSE:MATV opened at $17.88 on Monday. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.76. The company’s fifty day moving average price is $17.49 and its 200-day moving average price is $14.80. The company has a current ratio of 2.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.18.

Mativ (NYSE:MATV) last released 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. The firm had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. As a group, analysts anticipate that Mativ Holdings, Inc. will post 1.5 EPS for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, March 7th. Mativ’s payout ratio is -7.07%.

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.