Texas Permanent School Fund bought a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV – Get Rating) in the 4th quarter, Holdings Channel reports. The institutional investor bought 36,846 shares of the company’s stock, valued at approximately $770,000.
Several other institutional investors also recently bought and sold shares of the stock. TCI Wealth Advisors Inc. purchased a new position in Mativ during the fourth quarter valued at $34,000. Concord Wealth Partners purchased a new position in shares of Mativ in the 4th quarter worth $42,000. Shell Asset Management Co. purchased a new position in shares of Mativ in the 4th quarter worth $48,000. Byrne Asset Management LLC purchased a new position in shares of Mativ in the 4th quarter worth $52,000. Finally, Cowen Prime Advisors LLC purchased a new position in shares of Mativ in the 4th quarter worth $102,000. 89.53% of the stock is owned by hedge funds and other institutional investors.
Mativ Price Performance
Shares of NYSE:MATV opened at $16.95 on Wednesday. Mativ Holdings, Inc. has a 52 week low of $16.10 and a 52 week high of $28.99. The firm has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $22.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.15 and a quick ratio of 0.98.
Mativ Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 25th. This represents a $1.60 annualized dividend and a dividend yield of 9.44%. Mativ’s dividend payout ratio (DPR) is presently -941.12%.
Mativ Holdings, Inc engages in the provision of components and engineered solutions. It operates through the Advanced Technical Materials and Fiber-Based Solutions segments. The Advanced Technical Materials segment consists of five non-reporting business units: Filtration, Protective Solutions, Release Liners, Healthcare, and Industrials, which deliver solutions that filter & purify air and liquids, support adhesive, and protective applications.
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