EntryPoint Capital LLC Takes $509,000 Position in Mativ Holdings, Inc. (NYSE:MATV)

EntryPoint Capital LLC acquired a new position in Mativ Holdings, Inc. (NYSE:MATV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,690 shares of the company’s stock, valued at approximately $509,000. EntryPoint Capital LLC owned approximately 0.09% of Mativ as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MATV. State Street Corp grew its position in shares of Mativ by 0.5% during the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after buying an additional 9,561 shares in the last quarter. American Century Companies Inc. increased its position in Mativ by 20.2% during the 4th quarter. American Century Companies Inc. now owns 1,507,418 shares of the company’s stock valued at $16,431,000 after purchasing an additional 253,365 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mativ by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock valued at $21,132,000 after purchasing an additional 14,766 shares in the last quarter. Royce & Associates LP lifted its position in shares of Mativ by 26.1% in the 4th quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock worth $11,889,000 after purchasing an additional 226,090 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mativ by 44.2% during the fourth quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock valued at $6,687,000 after purchasing an additional 187,970 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

Shares of MATV stock opened at $6.67 on Tuesday. The stock’s 50-day moving average is $8.09 and its 200 day moving average is $12.10. Mativ Holdings, Inc. has a 1-year low of $5.10 and a 1-year high of $19.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. The company has a market cap of $363.36 million, a P/E ratio of -7.41, a PEG ratio of 1.08 and a beta of 0.72.

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

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, March 14th. Mativ’s payout ratio is presently -44.44%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised shares of Mativ from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $15.50 to $10.00 in a research note on Monday.

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.