New Age Alpha Advisors LLC Makes New $881,000 Investment in Mativ Holdings, Inc. (NYSE:MATV)

New Age Alpha Advisors LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,782 shares of the company’s stock, valued at approximately $881,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in Mativ by 5.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock worth $352,000 after purchasing an additional 1,583 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Mativ by 1.0% in the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,649 shares during the period. Point72 DIFC Ltd purchased a new position in Mativ in the 3rd quarter valued at approximately $35,000. KBC Group NV grew its stake in Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Mativ by 8.3% during the third quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock worth $574,000 after buying an additional 2,648 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

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

Mativ Price Performance

Shares of NYSE MATV opened at $6.25 on Tuesday. Mativ Holdings, Inc. has a 1-year low of $5.10 and a 1-year high of $19.96. The company has a market cap of $340.46 million, a PE ratio of -6.94, a P/E/G ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The stock has a fifty day moving average price of $7.77 and a 200 day moving average price of $11.70.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. Sell-side analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Friday, March 14th. Mativ’s dividend payout ratio is presently -44.44%.

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.