Ionic Capital Management LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,500 shares of the company’s stock, valued at approximately $1,190,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $649,000. Nwam LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $1,253,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $4,796,000. Fifth Third Bancorp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $4,424,000. Finally, Olstein Capital Management L.P. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $2,803,000.
Solstice Advanced Mat Stock Performance
Solstice Advanced Mat stock opened at $85.14 on Thursday. The stock has a 50-day simple moving average of $82.36 and a 200 day simple moving average of $70.15. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The stock has a market capitalization of $13.52 billion and a price-to-earnings ratio of 95.66.
Solstice Advanced Mat Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Royal Bank Of Canada boosted their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, UBS Group lifted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.38.
Get Our Latest Stock Report on SOLS
About Solstice Advanced Mat
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
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