Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors bought 10,203 put options on the company. This represents an increase of 289% compared to the average volume of 2,624 put options.
Institutional Trading of Solstice Advanced Mat
Several large investors have recently modified their holdings of SOLS. Wesbanco Bank Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $649,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Solstice Advanced Mat in the 4th quarter worth $4,796,000. Nwam LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth $1,253,000. Fifth Third Bancorp purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $4,424,000. Finally, Olstein Capital Management L.P. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $2,803,000.
Solstice Advanced Mat Stock Down 6.4%
Shares of Solstice Advanced Mat stock opened at $82.95 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock has a market capitalization of $13.17 billion and a price-to-earnings ratio of 93.20. The company’s 50 day moving average price is $83.23 and its 200-day moving average price is $72.80.
Solstice Advanced Mat Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SOLS. UBS Group upped their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. TD Cowen started coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Finally, Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and a consensus target price of $89.50.
Solstice Advanced Mat Company Profile
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.
Recommended Stories
- Five stocks we like better than Solstice Advanced Mat
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.
