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

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of some unusual options trading activity on Wednesday. Traders bought 27,002 call options on the stock. This represents an increase of approximately 1,214% compared to the typical daily volume of 2,055 call options.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus began coverage on shares of Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

Mativ Price Performance

Shares of NYSE MATV opened at $9.98 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. Mativ has a fifty-two week low of $9.74 and a fifty-two week high of $19.96. The business has a 50 day moving average price of $12.48 and a two-hundred day moving average price of $15.56. The firm has a market cap of $542.27 million, a PE ratio of 5.09, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.01%. Mativ’s dividend payout ratio (DPR) is presently 20.41%.

Institutional Trading of Mativ

Several institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its holdings in Mativ by 32.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 62,607 shares of the company’s stock worth $1,062,000 after buying an additional 15,431 shares during the last quarter. American Century Companies Inc. boosted its holdings in Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after purchasing an additional 301,488 shares during the period. Dimensional Fund Advisors LP increased its stake in Mativ by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after purchasing an additional 52,858 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Mativ during the second quarter worth $185,000. Finally, Hsbc Holdings PLC bought a new position in shares of Mativ in the 2nd quarter worth about $447,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Mativ Company 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.