Potomac Fund Management Inc. ADV Takes $633,000 Position in Solstice Advanced Mat $SOLS

Potomac Fund Management Inc. ADV acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 13,022 shares of the company’s stock, valued at approximately $633,000.

Several other large investors also recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $2,259,000. Parsons Capital Management Inc. RI bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $625,000. JFS Wealth Advisors LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $121,000. Pathway Financial Advisors LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $89,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SOLS shares. Royal Bank Of Canada boosted their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Price Performance

SOLS opened at $83.06 on Monday. The firm’s 50 day simple moving average is $81.87 and its two-hundred day simple moving average is $69.34. The company has a market capitalization of $13.19 billion and a PE ratio of 93.33. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities analysts forecast that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.