Mativ Holdings, Inc. (NYSE:MATV) Director William M. Cook Acquires 1,500 Shares

Mativ Holdings, Inc. (NYSE:MATV) Director William M. Cook purchased 1,500 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $15.52 per share, with a total value of $23,280.00. Following the purchase, the director now directly owns 18,936 shares of the company’s stock, valued at approximately $293,886.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mativ Trading Down 0.3 %

NYSE MATV traded down $0.05 on Monday, reaching $15.39. The company had a trading volume of 299,526 shares, compared to its average volume of 401,487. The firm has a market cap of $841.96 million, a price-to-earnings ratio of -25.46, a P/E/G ratio of 2.16 and a beta of 0.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.26 and a quick ratio of 1.04. Mativ Holdings, Inc. has a fifty-two week low of $13.92 and a fifty-two week high of $28.99. The business has a 50 day moving average of $16.31 and a two-hundred day moving average of $17.87.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Mativ had a negative net margin of 1.21% and a positive return on equity of 9.73%. The firm had revenue of $668.30 million during the quarter, compared to analyst estimates of $679.00 million. Analysts forecast that Mativ Holdings, Inc. will post 1.2 EPS for the current year.

Mativ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 25th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.40 annualized dividend and a yield of 2.60%. Mativ’s payout ratio is -65.57%.

Institutional Trading of Mativ

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in shares of Mativ in the 4th quarter valued at about $54,135,000. Macquarie Group Ltd. bought a new position in shares of Mativ during the 4th quarter worth approximately $30,147,000. Charles Schwab Investment Management Inc. bought a new position in shares of Mativ during the 4th quarter worth approximately $20,905,000. Geode Capital Management LLC acquired a new stake in shares of Mativ during the 4th quarter worth approximately $20,835,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Mativ by 2,139.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock valued at $11,328,000 after acquiring an additional 504,071 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

About Mativ

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.