Investors Buy Large Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the target of some unusual options trading on Friday. Traders acquired 3,998 call options on the stock. This is an increase of 84% compared to the typical volume of 2,168 call options.

Mativ Stock Performance

NYSE MATV opened at $11.95 on Friday. The firm has a market cap of $649.36 million, a P/E ratio of 6.10, a P/E/G ratio of 3.29 and a beta of 0.64. Mativ has a 52-week low of $10.78 and a 52-week high of $19.96. The business’s 50-day moving average price is $14.32 and its 200 day moving average price is $16.35. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.35%. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Mativ

Several large investors have recently modified their holdings of MATV. nVerses Capital LLC acquired a new position in Mativ in the 3rd quarter valued at $25,000. Point72 DIFC Ltd acquired a new position in shares of Mativ during the third quarter worth about $35,000. Price T Rowe Associates Inc. MD raised its holdings in Mativ by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,556 shares of the company’s stock worth $292,000 after purchasing an additional 2,273 shares in the last quarter. 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 purchasing an additional 2,295 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Mativ by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after purchasing an additional 2,648 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.