4,803 Shares in Mativ Holdings, Inc. (NYSE:MATV) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,803 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors have also added to or reduced their stakes in MATV. Allspring Global Investments Holdings LLC boosted its holdings in shares of Mativ by 0.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock worth $68,589,000 after acquiring an additional 25,885 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mativ by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after purchasing an additional 52,858 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Mativ by 12.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock worth $26,187,000 after purchasing an additional 176,600 shares during the period. Royce & Associates LP grew its holdings in Mativ by 4.8% during the 3rd quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock valued at $14,691,000 after buying an additional 39,690 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Mativ by 67.2% during the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after buying an additional 301,488 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Mativ Stock Down 3.9 %

MATV opened at $13.47 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. Mativ Holdings, Inc. has a one year low of $10.78 and a one year high of $19.96. The firm has a market capitalization of $731.96 million, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 3.89 and a beta of 0.70. The company has a fifty day moving average price of $15.64 and a 200-day moving average price of $16.88.

Mativ Announces Dividend

The firm 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 is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.97%. Mativ’s dividend payout ratio is currently 20.41%.

Mativ 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.