Royce & Associates LP Has $14.69 Million Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Royce & Associates LP grew its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 864,684 shares of the company’s stock after purchasing an additional 39,690 shares during the period. Royce & Associates LP owned about 1.59% of Mativ worth $14,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Mativ in the 3rd quarter valued at about $25,000. SageView Advisory Group LLC bought a new stake in Mativ during the first quarter worth $108,000. Renaissance Technologies LLC acquired a new stake in shares of Mativ during the second quarter valued at about $185,000. Radnor Capital Management LLC bought a new position in Mativ during the 3rd quarter worth $186,000. Finally, ProShare Advisors LLC raised its stake in Mativ by 5.9% during the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after buying an additional 607 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Trading Down 1.2 %

NYSE:MATV opened at $11.96 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The firm has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $17.11. The stock has a market capitalization of $649.91 million, a price-to-earnings ratio of 6.10, a PEG ratio of 3.32 and a beta of 0.70.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.34%. 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.