Short Interest in Mativ Holdings, Inc. (NYSE:MATV) Increases By 49.0%

Mativ Holdings, Inc. (NYSE:MATV) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,950,000 shares, an increase of 49.0% from the February 13th total of 1,980,000 shares. Based on an average daily trading volume, of 636,900 shares, the short-interest ratio is presently 4.6 days. Approximately 5.5% of the shares of the company are short sold.

Mativ Price Performance

NYSE MATV traded up $0.09 during trading hours on Monday, reaching $6.16. 1,281,977 shares of the company’s stock were exchanged, compared to its average volume of 440,902. The firm has a fifty day moving average of $8.54 and a 200-day moving average of $12.62. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. Mativ has a one year low of $5.10 and a one year high of $19.96. The stock has a market cap of $335.94 million, a PE ratio of -6.85, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. On average, equities research analysts predict that Mativ will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 6.49%. Mativ’s payout ratio is presently -44.44%.

Institutional Investors Weigh In On Mativ

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new position in Mativ in the fourth quarter valued at about $33,000. Point72 DIFC Ltd acquired a new stake in shares of Mativ in the 3rd quarter valued at approximately $35,000. KBC Group NV boosted its stake in Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after acquiring an additional 2,309 shares during the last quarter. Truvestments Capital LLC acquired a new position in Mativ during the third quarter valued at approximately $82,000. Finally, Quantbot Technologies LP bought a new stake in Mativ in the fourth quarter valued at approximately $122,000. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a research note on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

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.