Barnett & Company Inc. Grows Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

Barnett & Company Inc. raised its position in Mativ Holdings, Inc. (NYSE:MATV) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,161 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Mativ accounts for about 2.2% of Barnett & Company Inc.’s investment portfolio, making the stock its 14th largest holding. Barnett & Company Inc.’s holdings in Mativ were worth $3,299,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in Mativ during the 3rd quarter valued at $567,000. Wolverine Asset Management LLC acquired a new stake in shares of Mativ during the third quarter valued at about $313,000. Radnor Capital Management LLC purchased a new stake in shares of Mativ during the third quarter worth about $186,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Mativ by 0.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock worth $68,589,000 after acquiring an additional 25,885 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Mativ in the third quarter valued at about $25,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Down 2.5 %

NYSE MATV traded down $0.34 during mid-day trading on Tuesday, reaching $13.15. 84,351 shares of the company’s stock traded hands, compared to its average volume of 400,827. The company has a fifty day simple moving average of $16.72 and a 200-day simple moving average of $17.27. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.96. The company has a market cap of $714.40 million, a price-to-earnings ratio of 6.88, a P/E/G ratio of 2.69 and a beta of 0.70. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 1.31.

Mativ Announces Dividend

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

Mativ 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.