Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its position in Mativ Holdings, Inc. (NYSE:MATV) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 35,034 shares of the company’s stock after selling 2,413 shares during the quarter. Advisors Asset Management Inc.’s holdings in Mativ were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mativ in the third quarter valued at $252,000. Empowered Funds LLC lifted its stake in shares of Mativ by 5.4% during the third quarter. Empowered Funds LLC now owns 224,049 shares of the company’s stock worth $3,807,000 after purchasing an additional 11,390 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Mativ by 4.8% during the third quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock worth $14,691,000 after purchasing an additional 39,690 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Mativ during the third quarter worth about $228,000. Finally, Barnett & Company Inc. lifted its stake in shares of Mativ by 2.9% during the third quarter. Barnett & Company Inc. now owns 194,161 shares of the company’s stock worth $3,299,000 after purchasing an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

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

Mativ Trading Up 0.3 %

Shares of MATV opened at $13.52 on Thursday. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $16.84. The stock has a market cap of $734.68 million, a PE ratio of 6.90, a P/E/G ratio of 3.89 and a beta of 0.70. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, November 29th. Mativ’s payout ratio is 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.