Investors Purchase High Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATVGet Free Report) was the recipient of unusually large options trading on Monday. Investors acquired 12,903 call options on the company. This is an increase of approximately 672% compared to the typical daily volume of 1,671 call options.

Mativ Stock Performance

Shares of NYSE MATV opened at $17.21 on Wednesday. The business’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $16.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.54 and a quick ratio of 1.40. Mativ has a twelve month low of $10.78 and a twelve month high of $19.34.

Mativ (NYSE:MATVGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23). The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $492.10 million. Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. Analysts predict that Mativ will post 1 EPS for the current year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, May 23rd. Mativ’s payout ratio is -6.62%.

Hedge Funds Weigh In On Mativ

Several institutional investors and hedge funds have recently made changes to their positions in MATV. Quadrant Capital Group LLC grew its position in shares of Mativ by 93.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock valued at $37,000 after purchasing an additional 1,154 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Mativ by 264.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,940 shares of the company’s stock valued at $99,000 after purchasing an additional 5,034 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Mativ in the fourth quarter valued at approximately $101,000. SageView Advisory Group LLC acquired a new position in shares of Mativ in the first quarter valued at approximately $108,000. Finally, ProShare Advisors LLC grew its position in shares of Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock valued at $203,000 after purchasing an additional 607 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Mativ

(Get Free Report)

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.

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