Arizona State Retirement System Acquires Shares of 15,495 Mativ Holdings, Inc. (NYSE:MATV)

Arizona State Retirement System acquired a new position in shares of Mativ Holdings, Inc. (NYSE:MATV – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,495 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently added to or reduced their stakes in MATV. State of Alaska Department of Revenue acquired a new stake in shares of Mativ in the fourth quarter worth $799,000. Riverwater Partners LLC bought a new stake in Mativ in the 4th quarter valued at about $250,000. Fruth Investment Management bought a new stake in Mativ in the 4th quarter valued at about $544,000. Maryland State Retirement & Pension System bought a new stake in Mativ in the 4th quarter valued at about $472,000. Finally, Rothschild Investment Corp IL bought a new stake in shares of Mativ during the 4th quarter worth about $2,134,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Mativ Stock Up 0.9 %

NYSE MATV opened at $17.75 on Monday. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 1.48. The company’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $22.13. Mativ Holdings, Inc. has a 12 month low of $16.10 and a 12 month high of $28.99.

Mativ (NYSE:MATV – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). The company had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $679.30 million. Mativ had a negative net margin of 0.66% and a positive return on equity of 10.79%. As a group, equities research analysts anticipate that Mativ Holdings, Inc. will post 1.8 EPS for the current year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, May 26th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.01%. The ex-dividend date is Thursday, May 25th. Mativ’s payout ratio is currently -941.12%.

About Mativ

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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.