Coastal Bridge Advisors LLC Takes $3.54 Million Position in Solstice Advanced Mat $SOLS

Coastal Bridge Advisors LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,973 shares of the company’s stock, valued at approximately $3,542,000.

Several other hedge funds also recently added to or reduced their stakes in SOLS. Westerkirk Capital Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $26,000. Heritage Wealth Advisors purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000. Finally, Princeton Global Asset Management LLC purchased a new position in Solstice Advanced Mat during the first quarter worth about $27,000.

Solstice Advanced Mat Stock Down 0.1%

Shares of SOLS opened at $56.34 on Friday. The company’s 50-day simple moving average is $65.43 and its 200-day simple moving average is $74.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The stock has a market capitalization of $8.95 billion and a PE ratio of 31.83.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is presently 16.95%.

Wall Street Analyst Weigh In

SOLS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Wednesday, July 22nd. TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Mizuho cut their target price on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

Solstice Advanced Mat Profile

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.