Published on 12 Mar 2024 on GuruFocus.com via Yahoo Finance
Director Jeffrey Keenan Acquires 6,000 Shares of Mativ Holdings Inc (MATV)
Director Jeffrey Keenan of Mativ Holdings Inc (NYSE:MATV) has recently increased his stake in the company. According to a SEC Filing dated 2024-03-11, the insider purchased 6,000 shares of the company at a price of $18.22 per share. This transaction has added to Jeffrey Keenan's growing position in the company, bringing his total purchases over the past year to 22,000 shares, with no recorded sales in the same period.Mativ Holdings Inc (NYSE:MATV) is a diversified global manufacturer and supplier of consumable products and solutions used in the packaging, labels, paper, and industrial goods markets. The company's products are essential components for consumer and industrial packaging, digital printing, and various specialized industrial applications.The insider transaction history for Mativ Holdings Inc shows a pattern of insider confidence, with 6 insider buys and no insider sells over the past year. This could be interpreted as a positive signal about the company's future prospects from those with intimate knowledge of its operations.
On the valuation front, Mativ Holdings Inc's shares were trading at $18.22 on the day of the insider's purchase, giving the company a market cap of $979.031 million. The stock's price-to-GF-Value ratio stands at 0.63, with a GuruFocus Value of $28.83, indicating that the stock is currently categorized as a Possible Value Trap, Think Twice according to GuruFocus metrics.