Mativ (NYSE:MATV) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Mativ (NYSE:MATV) in a research note released on Thursday, MarketBeat reports. The firm issued a hold rating and a $15.50 price objective on the stock.

Mativ Trading Up 3.7 %

NYSE:MATV opened at $13.19 on Thursday. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. Mativ has a 1-year low of $10.78 and a 1-year high of $19.96. The firm has a market capitalization of $716.69 million, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 3.53 and a beta of 0.70. The stock has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $16.92.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.03%. Mativ’s dividend payout ratio (DPR) is 20.41%.

Hedge Funds Weigh In On Mativ

A number of hedge funds and other institutional investors have recently modified their holdings of MATV. nVerses Capital LLC acquired a new stake in Mativ during the 3rd quarter worth about $25,000. Point72 DIFC Ltd acquired a new stake in Mativ during the 3rd quarter worth about $35,000. Truvestments Capital LLC acquired a new stake in Mativ during the 3rd quarter worth about $82,000. FMR LLC boosted its position in Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after acquiring an additional 4,098 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mativ during the 3rd quarter worth about $146,000. Institutional investors and hedge funds own 94.95% of the company’s 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.