Needham Investment Management LLC Purchases 52,500 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Needham Investment Management LLC lifted its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 482,500 shares of the company’s stock after purchasing an additional 52,500 shares during the quarter. Needham Investment Management LLC owned about 0.89% of Mativ worth $8,198,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter worth $25,000. Truvestments Capital LLC acquired a new stake in shares of Mativ during the third quarter valued at about $82,000. FMR LLC boosted its stake in shares of Mativ by 113.3% during the third quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Mativ during the third quarter worth about $146,000. Finally, Renaissance Technologies LLC bought a new stake in Mativ in the second quarter valued at approximately $185,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a report on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

Mativ Trading Down 2.4 %

NYSE MATV traded down $0.32 during trading hours on Tuesday, hitting $13.03. 53,651 shares of the company’s stock were exchanged, compared to its average volume of 401,859. The stock has a 50-day simple moving average of $15.14 and a 200 day simple moving average of $16.72. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.96. The firm has a market cap of $708.05 million, a price-to-earnings ratio of 6.81, a PEG ratio of 3.65 and a beta of 0.64. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.07%. Mativ’s dividend payout ratio (DPR) is presently 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.