Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 703,557 shares of the company’s stock after acquiring an additional 36,018 shares during the period. Russell Investments Group Ltd. owned approximately 1.30% of Mativ worth $10,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of Mativ in the 4th quarter valued at $101,000. New York State Common Retirement Fund lifted its stake in shares of Mativ by 6.6% in the 4th quarter. New York State Common Retirement Fund now owns 50,653 shares of the company’s stock valued at $775,000 after purchasing an additional 3,142 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mativ by 55.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,634 shares of the company’s stock valued at $255,000 after purchasing an additional 5,903 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Mativ in the 4th quarter valued at $415,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Mativ by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,132,265 shares of the company’s stock worth $63,265,000 after acquiring an additional 56,983 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jeffrey Keenan purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $16.06 per share, with a total value of $48,180.00. Following the acquisition, the director now owns 312,000 shares in the company, valued at $5,010,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.01% of the stock is owned by insiders.

Mativ Trading Down 0.6 %

Shares of NYSE MATV opened at $18.24 on Monday. The firm has a fifty day moving average of $17.93 and a 200 day moving average of $14.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. Mativ Holdings, Inc. has a one year low of $10.78 and a one year high of $19.02.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $452.30 million during the quarter, compared to analyst estimates of $472.10 million. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. As a group, analysts forecast that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 7th. Mativ’s payout ratio is presently -7.07%.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.