Rhumbline Advisers Sells 3,565 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Rhumbline Advisers lessened its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,045 shares of the company’s stock after selling 3,565 shares during the quarter. Rhumbline Advisers owned 0.32% of Mativ worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Mativ by 93.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock worth $37,000 after acquiring an additional 1,154 shares during the period. SageView Advisory Group LLC bought a new position in shares of Mativ during the 1st quarter worth $108,000. GAMMA Investing LLC grew its stake in shares of Mativ by 12.2% during the 1st quarter. GAMMA Investing LLC now owns 7,402 shares of the company’s stock worth $139,000 after acquiring an additional 803 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Mativ by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock worth $126,000 after acquiring an additional 1,314 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Mativ by 5.9% during the 1st 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. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Up 1.3 %

MATV stock opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.14, a PEG ratio of 3.63 and a beta of 0.70. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.96. The stock has a fifty day moving average of $17.74 and a 200-day moving average of $17.74.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The company had revenue of $523.80 million during the quarter, compared to the consensus estimate of $526.50 million. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, equities research analysts predict that Mativ Holdings, Inc. will post 0.82 earnings per share for the current year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 23rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. Mativ’s dividend payout ratio (DPR) is -6.62%.

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.