Mativ Holdings, Inc. (NYSE:MATV – Get Free Report) 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 %
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.
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