Dimensional Fund Advisors LP Sells 48,301 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Dimensional Fund Advisors LP lowered its holdings in Mativ Holdings, Inc. (NYSE:MATVFree Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,184,889 shares of the company’s stock after selling 48,301 shares during the quarter. Dimensional Fund Advisors LP owned 4.03% of Mativ worth $33,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swiss National Bank grew its stake in Mativ by 0.8% during the third quarter. Swiss National Bank now owns 120,512 shares of the company’s stock worth $1,719,000 after buying an additional 900 shares during the last quarter. SG Americas Securities LLC grew its stake in Mativ by 11.5% during the fourth quarter. SG Americas Securities LLC now owns 13,556 shares of the company’s stock worth $208,000 after buying an additional 1,398 shares during the last quarter. Truvestments Capital LLC grew its stake in Mativ by 2.8% during the third quarter. Truvestments Capital LLC now owns 104,488 shares of the company’s stock worth $1,490,000 after buying an additional 2,885 shares during the last quarter. New York State Common Retirement Fund grew its stake in Mativ by 6.6% during the fourth quarter. New York State Common Retirement Fund now owns 50,653 shares of the company’s stock worth $775,000 after buying an additional 3,142 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Mativ by 6.4% during the third quarter. Gabelli Funds LLC now owns 58,000 shares of the company’s stock worth $827,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Down 2.3 %

Shares of Mativ stock opened at $17.97 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.54 and a debt-to-equity ratio of 1.29. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.34. The firm’s 50-day moving average price is $18.17 and its two-hundred day moving average price is $15.62.

Mativ (NYSE:MATVGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23). Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. The company had revenue of $500.20 million for the quarter, compared to analyst estimates of $492.10 million. On average, sell-side analysts expect that Mativ Holdings, Inc. will post 1 EPS for the current year.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.23%. Mativ’s payout ratio is -6.62%.

Mativ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mativ (NYSE:MATV)

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