Traders Purchase High Volume of Call Options on Mativ (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) saw some unusual options trading on Wednesday. Traders acquired 18,453 call options on the stock. This is an increase of 908% compared to the typical volume of 1,831 call options.

Mativ Price Performance

NYSE:MATV traded up $0.06 during mid-day trading on Friday, reaching $9.55. 429,474 shares of the company were exchanged, compared to its average volume of 431,019. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The stock has a market cap of $518.91 million, a PE ratio of 4.87, a PEG ratio of 1.39 and a beta of 0.68. Mativ has a 12 month low of $9.21 and a 12 month high of $19.96. The company has a fifty day moving average of $11.17 and a 200 day moving average of $14.82.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $498.50 million during the quarter, compared to the consensus estimate of $523.80 million. Mativ had a net margin of 5.44% and a return on equity of 4.88%. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, research analysts anticipate that Mativ will post 0.6 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

Hedge Funds Weigh In On Mativ

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Mativ by 0.6% during 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. Dimensional Fund Advisors LP raised its position in shares of Mativ by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after purchasing an additional 52,858 shares during the period. State Street Corp lifted its holdings in shares of Mativ by 0.5% during the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company’s stock valued at $35,582,000 after purchasing an additional 9,561 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Mativ by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock valued at $21,132,000 after purchasing an additional 14,766 shares during the period. Finally, Royce & Associates LP increased its stake in Mativ by 4.8% during the 3rd 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. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus started coverage on Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective for the company.

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.