Radnor Capital Management LLC Takes $186,000 Position in Mativ Holdings, Inc. (NYSE:MATV)

Radnor Capital Management LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,950 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Mativ during the 3rd quarter worth $25,000. SageView Advisory Group LLC purchased a new stake in Mativ during the 1st quarter worth $108,000. ProShare Advisors LLC increased its stake in 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 buying an additional 607 shares during the period. Renaissance Technologies LLC purchased a new stake in Mativ during the 2nd quarter worth $185,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Mativ during the 1st quarter worth $269,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Price Performance

MATV opened at $13.73 on Friday. The company has a 50-day moving average of $16.94 and a 200-day moving average of $17.35. The company has a market capitalization of $745.91 million, a P/E ratio of -2.29, a PEG ratio of 3.18 and a beta of 0.70. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46.

Mativ (NYSE:MATV) last released its 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 negative net margin of 16.55% and a positive return on equity of 5.19%. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities analysts expect that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Dividend Announcement

The company 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, November 29th. Mativ’s payout ratio is -6.68%.

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.