Barnett & Company Inc. Purchases 8,300 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Barnett & Company Inc. grew its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 4.3% in the 4th quarter, HoldingsChannel reports. The fund owned 202,461 shares of the company’s stock after buying an additional 8,300 shares during the period. Mativ makes up about 1.4% of Barnett & Company Inc.’s holdings, making the stock its 25th biggest holding. Barnett & Company Inc.’s holdings in Mativ were worth $2,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in shares of Mativ in the third quarter worth approximately $35,000. KBC Group NV grew its holdings in Mativ by 93.2% during the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after buying an additional 2,309 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Mativ in the 3rd quarter valued at $82,000. FMR LLC lifted its stake in Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Mativ during the 3rd quarter worth $146,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Mativ Stock Performance

Shares of MATV stock opened at $6.13 on Monday. Mativ Holdings, Inc. has a one year low of $5.10 and a one year high of $19.96. The company has a market cap of $333.92 million, a P/E ratio of -6.81, a P/E/G ratio of 1.08 and a beta of 0.72. The firm has a 50-day moving average of $8.15 and a 200-day moving average of $12.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29.

Mativ (NYSE:MATV) last posted its 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 the consensus estimate of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. Equities research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 6.53%. Mativ’s payout ratio is -44.44%.

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.