Mativ Holdings, Inc. (NYSE:MATV) Shares Purchased by Barnett & Company Inc.

Barnett & Company Inc. raised its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,161 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Mativ accounts for approximately 2.2% of Barnett & Company Inc.’s portfolio, making the stock its 14th largest holding. Barnett & Company Inc. owned approximately 0.36% of Mativ worth $3,299,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MATV. American Century Companies Inc. grew its stake in Mativ by 67.2% in the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after acquiring an additional 301,488 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Mativ by 12.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock worth $26,187,000 after buying an additional 176,600 shares during the period. BNP Paribas Financial Markets boosted its stake in Mativ by 425.6% in the 1st quarter. BNP Paribas Financial Markets now owns 139,984 shares of the company’s stock worth $2,625,000 after buying an additional 113,350 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Mativ by 28.7% during the 1st quarter. First Eagle Investment Management LLC now owns 408,604 shares of the company’s stock valued at $7,661,000 after acquiring an additional 91,192 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Mativ during the 1st quarter worth about $1,033,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Trading Down 2.5 %

MATV stock traded down $0.34 on Tuesday, hitting $13.15. 84,351 shares of the company were exchanged, compared to its average volume of 400,827. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.33. The stock has a market capitalization of $714.40 million, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70. Mativ Holdings, Inc. has a twelve month low of $10.78 and a twelve month high of $19.96. The business’s fifty day moving average is $16.72 and its two-hundred day moving average is $17.27.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. Mativ’s payout ratio is 20.41%.

About Mativ

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.