Cornercap Investment Counsel Inc. Purchases New Stake in Mativ Holdings, Inc. (NYSE:MATV)

Cornercap Investment Counsel Inc. acquired a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,423 shares of the company’s stock, valued at approximately $228,000.

Several other large investors also recently added to or reduced their stakes in MATV. ProShare Advisors LLC grew its position in Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after acquiring an additional 607 shares during the period. nVerses Capital LLC purchased a new position in shares of Mativ during the 3rd quarter worth $25,000. CANADA LIFE ASSURANCE Co increased its position in shares of Mativ by 4.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 40,244 shares of the company’s stock worth $754,000 after purchasing an additional 1,882 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Mativ by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,556 shares of the company’s stock valued at $292,000 after buying an additional 2,273 shares during the period. Finally, Creative Planning lifted its position in Mativ by 17.6% in the third quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after buying an additional 2,295 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Trading Up 3.8 %

Shares of MATV stock opened at $12.42 on Tuesday. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.96. The firm has a market cap of $674.90 million, a PE ratio of 6.34, a price-to-earnings-growth ratio of 3.32 and a beta of 0.70. The company has a 50-day moving average of $16.25 and a two-hundred day moving average of $17.11. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.22%. Mativ’s dividend payout ratio (DPR) is presently 20.41%.

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.