Bailard Inc. Takes $313,000 Position in Mativ Holdings, Inc. (NYSE:MATV)

Bailard Inc. acquired a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,700 shares of the company’s stock, valued at approximately $313,000. Bailard Inc. owned approximately 0.05% of Mativ at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MATV. Illinois Municipal Retirement Fund raised its stake in shares of Mativ by 5.2% during the 4th 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 in the last quarter. Rhumbline Advisers increased its holdings in Mativ by 1.0% in the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock worth $1,853,000 after buying an additional 1,649 shares during the last quarter. Point72 DIFC Ltd bought a new position in Mativ during the third quarter valued at approximately $35,000. Creative Planning lifted its stake 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 acquiring an additional 2,295 shares during the last quarter. Finally, KBC Group NV lifted its stake in Mativ by 93.2% in the fourth 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 last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Performance

MATV opened at $6.64 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. The company has a market cap of $360.52 million, a PE ratio of -7.37, a price-to-earnings-growth ratio of 1.08 and a beta of 0.66. The stock has a 50-day moving average of $9.24 and a 200-day moving average of $13.28. Mativ Holdings, Inc. has a 52-week low of $5.74 and a 52-week high of $19.96.

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

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 6.03%. Mativ’s dividend payout ratio (DPR) is presently -44.44%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 price target on the 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.