Clearline Capital LP Takes Position in Solstice Advanced Mat $SOLS

Clearline Capital LP bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 481,669 shares of the company’s stock, valued at approximately $23,399,000. Solstice Advanced Mat comprises 1.2% of Clearline Capital LP’s investment portfolio, making the stock its 19th largest position. Clearline Capital LP owned 0.30% of Solstice Advanced Mat at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westerkirk Capital Inc. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $25,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Heritage Wealth Advisors purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Hoey Investments Inc. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $85.14 on Thursday. The stock has a market capitalization of $13.52 billion and a PE ratio of 95.66. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock’s 50-day moving average price is $82.36 and its 200 day moving average price is $70.15. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities research analysts forecast that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SOLS. Truist Financial began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.