GAMMA Investing LLC Purchases 2,431 Shares of Mativ Holdings, Inc. (NYSE:MATV)

GAMMA Investing LLC raised its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 119.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,462 shares of the company’s stock after acquiring an additional 2,431 shares during the period. GAMMA Investing LLC’s holdings in Mativ were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Mativ by 44.5% during the 4th quarter. JPMorgan Chase & Co. now owns 284,348 shares of the company’s stock valued at $3,099,000 after purchasing an additional 87,526 shares during the last quarter. Sei Investments Co. grew its stake in shares of Mativ by 174.2% during the fourth quarter. Sei Investments Co. now owns 286,992 shares of the company’s stock valued at $3,128,000 after buying an additional 182,341 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Mativ by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 16,276 shares of the company’s stock valued at $177,000 after buying an additional 5,007 shares during the last quarter. Barclays PLC grew its stake in shares of Mativ by 6.6% during the fourth quarter. Barclays PLC now owns 109,630 shares of the company’s stock valued at $1,195,000 after buying an additional 6,794 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mativ by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,747 shares of the company’s stock valued at $1,033,000 after buying an additional 18,531 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upgraded Mativ from a “hold” rating to a “buy” rating and reduced their price target for the stock from $15.50 to $10.00 in a research report on Monday, March 24th.

Mativ Stock Down 0.1%

Shares of Mativ stock opened at $7.61 on Friday. The stock has a market capitalization of $414.84 million, a price-to-earnings ratio of -0.93, a P/E/G ratio of 2.27 and a beta of 0.72. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $19.96. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.18 and a current ratio of 2.38. The company’s 50 day moving average price is $6.40 and its 200-day moving average price is $7.14.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $484.80 million during the quarter, compared to the consensus estimate of $470.30 million. Mativ had a positive return on equity of 3.53% and a negative net margin of 22.70%. Equities research analysts forecast 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, June 27th. Shareholders of record on Friday, May 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, May 23rd. Mativ’s dividend payout ratio (DPR) is currently -4.88%.

Insiders Place Their Bets

In related news, Director Kimberly E. Ritrievi acquired 10,000 shares of the stock in a transaction on Thursday, May 29th. The stock was acquired at an average cost of $5.88 per share, for a total transaction of $58,800.00. Following the completion of the acquisition, the director directly owned 30,640 shares of the company’s stock, valued at approximately $180,163.20. This represents a 48.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shruti Singhal acquired 40,000 shares of the stock in a transaction on Thursday, May 29th. The stock was bought at an average price of $5.76 per share, with a total value of $230,400.00. Following the completion of the acquisition, the chief executive officer directly owned 56,533 shares of the company’s stock, valued at $325,630.08. This trade represents a 241.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.01% of the company’s stock.

About Mativ

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.