Mativ Holdings, Inc. (NYSE:MATV) Short Interest Down 9.6% in August

Mativ Holdings, Inc. (NYSE:MATVGet Rating) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,320,000 shares, a decline of 9.6% from the August 15th total of 1,460,000 shares. Based on an average daily volume of 512,400 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.5% of the company’s shares are sold short.

Mativ Stock Down 1.3 %

Shares of MATV stock opened at $24.32 on Monday. The firm has a market capitalization of $760.22 million, a PE ratio of 9.85 and a beta of 0.84. The company has a current ratio of 2.69, a quick ratio of 1.55 and a debt-to-equity ratio of 1.80. Mativ has a fifty-two week low of $19.08 and a fifty-two week high of $38.63. The firm’s 50 day simple moving average is $22.78.

Mativ (NYSE:MATVGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.86 earnings per share for the quarter. Mativ had a net margin of 4.91% and a return on equity of 13.90%. The firm had revenue of $426.40 million for the quarter.

Mativ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.58%. Mativ’s payout ratio is currently 64.78%.

Insider Activity at Mativ

In other Mativ news, Director Jeffrey Keenan purchased 10,600 shares of Mativ stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $25.77 per share, with a total value of $273,162.00. Following the completion of the transaction, the director now directly owns 210,302 shares in the company, valued at approximately $5,419,482.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders purchased 21,132 shares of company stock worth $531,241. 1.80% of the stock is owned by company insiders.

Mativ Company Profile

(Get Rating)

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Materials & Structures (AMS), and Engineered Papers (EP). The AMS segment manufactures resin-based rolled goods, such as nets, films and meltblown materials, bonding products, and adhesive components, as well as adhesives and other coating solutions, and converting services.

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