Mirae Asset Global Investments Co. Ltd. Buys 504,071 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Mativ Holdings, Inc. (NYSE:MATVFree Report) by 2,139.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,633 shares of the company’s stock after acquiring an additional 504,071 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.97% of Mativ worth $9,893,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MATV. Quadrant Capital Group LLC boosted its holdings in shares of Mativ by 93.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock worth $37,000 after buying an additional 1,154 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Mativ during the 4th quarter worth approximately $101,000. PNC Financial Services Group Inc. boosted its holdings in shares of Mativ by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock worth $126,000 after buying an additional 1,314 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Mativ by 11.5% during the 4th 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 in the last quarter. Finally, Raymond James & Associates bought a new position in shares of Mativ during the 4th quarter worth approximately $221,000. 94.95% of the stock is currently owned by institutional investors.

Mativ Price Performance

Mativ stock opened at $16.26 on Tuesday. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $19.34. The stock’s 50 day moving average price is $17.55 and its two-hundred day moving average price is $16.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.40 and a current ratio of 2.54.

Mativ (NYSE:MATVGet Free Report) last posted its quarterly 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 business had revenue of $500.20 million for the quarter, compared to the consensus estimate of $492.10 million. As a group, equities analysts forecast that Mativ Holdings, Inc. will post 1 EPS for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, May 23rd. Mativ’s payout ratio is -6.62%.

Mativ 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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