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

Mativ Holdings, Inc. (NYSE:MATV) was the target of unusually large options trading on Wednesday. Traders bought 17,846 call options on the company. This represents an increase of approximately 700% compared to the typical daily volume of 2,230 call options.

Mativ Stock Performance

Shares of Mativ stock traded down $1.31 during trading on Wednesday, reaching $5.56. The company’s stock had a trading volume of 1,746,574 shares, compared to its average volume of 663,717. The firm has a market cap of $303.12 million, a PE ratio of -6.14, a P/E/G ratio of 1.08 and a beta of 0.72. The company has a 50-day moving average price of $8.84 and a two-hundred day moving average price of $12.89. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. Mativ has a fifty-two week low of $5.10 and a fifty-two week high of $19.96.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The company had revenue of $458.60 million during the quarter, compared to analyst estimates of $472.70 million. On average, analysts forecast that Mativ will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.19%. Mativ’s dividend payout ratio (DPR) is -44.44%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Mativ

A number of institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new position in Mativ in the third quarter worth $313,000. Versor Investments LP acquired a new position in shares of Mativ during the 3rd quarter worth $567,000. Barnett & Company Inc. increased its holdings in shares of Mativ by 2.9% in the 3rd quarter. Barnett & Company Inc. now owns 194,161 shares of the company’s stock valued at $3,299,000 after purchasing an additional 5,500 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Mativ in the third quarter valued at about $228,000. Finally, Royce & Associates LP boosted its holdings in 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 buying an additional 39,690 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.