Mativ (NYSE:MATV) Sees Unusually-High Trading Volume

Mativ Holdings, Inc. (NYSE:MATV) saw an uptick in trading volume on Tuesday . 884,588 shares changed hands during mid-day trading, an increase of 123% from the previous session’s volume of 397,335 shares.The stock last traded at $13.85 and had previously closed at $12.86.

Analyst Ratings Changes

Separately, TheStreet cut shares of Mativ from a “c-” rating to a “d” rating in a research note on Thursday, November 9th.

Mativ Stock Up 2.2 %

The company has a current ratio of 2.27, a quick ratio of 1.36 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $773.45 million, a price-to-earnings ratio of -1.68, a PEG ratio of 1.86 and a beta of 0.79. The firm’s 50 day simple moving average is $14.07 and its 200-day simple moving average is $15.56.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 2.80%. Mativ’s dividend payout ratio is currently -4.70%.

Hedge Funds Weigh In On Mativ

A number of institutional investors and hedge funds have recently made changes to their positions in MATV. LPL Financial LLC acquired a new position in shares of Mativ during the 4th quarter worth $276,000. UBS Group AG acquired a new stake in Mativ in the 4th quarter valued at about $877,000. PNC Financial Services Group Inc. acquired a new stake in Mativ in the 4th quarter valued at about $51,000. Advisor Group Holdings Inc. acquired a new stake in Mativ in the 4th quarter valued at about $92,000. Finally, Victory Capital Management Inc. acquired a new stake in Mativ in the 4th quarter valued at about $10,047,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Mativ Company Profile

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.