Chesapeake Capital Corp IL Buys Shares of 14,361 Mativ Holdings, Inc. (NYSE:MATV)

Chesapeake Capital Corp IL bought a new position in Mativ Holdings, Inc. (NYSE:MATV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,361 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Mativ by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock worth $54,863,000 after purchasing an additional 130,362 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Mativ by 70.2% during the fourth quarter. First Eagle Investment Management LLC now owns 317,412 shares of the company’s stock valued at $4,860,000 after acquiring an additional 130,912 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Mativ by 579.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock worth $26,238,000 after acquiring an additional 1,461,640 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Mativ by 425.6% in the 1st quarter. BNP Paribas Financial Markets now owns 139,984 shares of the company’s stock worth $2,625,000 after acquiring an additional 113,350 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Mativ by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,522,582 shares of the company’s stock worth $93,012,000 after acquiring an additional 56,774 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Price Performance

Mativ stock traded down $0.21 during midday trading on Friday, reaching $17.13. 361,860 shares of the stock traded hands, compared to its average volume of 510,824. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.34. The company has a current ratio of 2.54, a quick ratio of 1.40 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average price of $17.21 and a two-hundred day moving average price of $16.39.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.23). Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $492.10 million. As a group, research analysts expect that Mativ Holdings, Inc. will post 1 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, May 23rd. Mativ’s dividend payout ratio (DPR) is -6.62%.

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.