Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,700 shares of the company’s stock after selling 5,100 shares during the period. Gabelli Funds LLC owned about 0.08% of Mativ worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SageView Advisory Group LLC acquired a new position in Mativ during the 1st quarter worth $108,000. GAMMA Investing LLC increased its stake in shares of Mativ by 12.2% during the first quarter. GAMMA Investing LLC now owns 7,402 shares of the company’s stock worth $139,000 after buying an additional 803 shares during the period. PNC Financial Services Group Inc. raised its holdings in Mativ by 18.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock valued at $126,000 after acquiring an additional 1,314 shares in the last quarter. ProShare Advisors LLC lifted its stake in Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after acquiring an additional 607 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Mativ during the 2nd quarter worth approximately $185,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Trading Up 2.0 %

Shares of NYSE:MATV opened at $17.31 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.33 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $17.94 and its two-hundred day moving average is $17.73. The company has a market cap of $940.33 million, a PE ratio of -2.87, a P/E/G ratio of 3.48 and a beta of 0.70. Mativ Holdings, Inc. has a 52 week low of $10.78 and a 52 week high of $19.96.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. The company had revenue of $523.80 million during the quarter, compared to the consensus estimate of $526.50 million. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts predict that Mativ Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.40 annualized dividend and a yield of 2.31%. Mativ’s dividend payout ratio is currently -6.62%.

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.