Dark Forest Capital Management LP Increases Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

Dark Forest Capital Management LP increased its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 152.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,348 shares of the company’s stock after buying an additional 24,349 shares during the period. Dark Forest Capital Management LP’s holdings in Mativ were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MATV. Goldman Sachs Group Inc. grew its stake in shares of Mativ by 579.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock valued at $26,238,000 after acquiring an additional 1,461,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Mativ by 2,139.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock worth $9,893,000 after purchasing an additional 504,071 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Mativ by 31.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,367,428 shares of the company’s stock valued at $25,639,000 after purchasing an additional 326,560 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Mativ by 67.2% during the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after buying an additional 301,488 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Mativ by 3.8% in the fourth quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock worth $54,863,000 after buying an additional 130,362 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Up 2.0 %

NYSE MATV opened at $17.31 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.33 and a debt-to-equity ratio of 1.28. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The company’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $17.73.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $523.80 million for the quarter, compared to analysts’ expectations of $526.50 million. Mativ had a negative net margin of 16.55% and a positive return on equity of 5.19%. During the same quarter last year, the company posted $0.51 earnings per share. Equities analysts anticipate that Mativ Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Mativ’s payout ratio is currently -6.62%.

Mativ Profile

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.