19,270 Shares in Mativ Holdings, Inc. (NYSE:MATV) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,270 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. KBC Group NV increased its position in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after acquiring an additional 2,309 shares during the period. FMR LLC grew its stake in shares of Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Mativ in the third quarter valued at approximately $298,000. Bailard Inc. purchased a new stake in shares of Mativ during the fourth quarter worth approximately $313,000. Finally, Virtu Financial LLC acquired a new stake in shares of Mativ during the third quarter worth $338,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised shares of Mativ from a “hold” rating to a “buy” rating and dropped their price objective for the company from $15.50 to $10.00 in a research note on Monday, March 24th.

Mativ Trading Up 2.0 %

NYSE MATV opened at $4.84 on Friday. 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 stock has a market capitalization of $263.59 million, a P/E ratio of -5.37, a P/E/G ratio of 1.08 and a beta of 0.68. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $19.96. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $10.88.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $458.60 million for the quarter, compared to analyst estimates of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. Equities research analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.27%. The ex-dividend date was Friday, March 14th. Mativ’s payout ratio is -44.44%.

Mativ 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.