Patriot Financial Group Insurance Agency LLC Acquires Shares of 6,884 Solstice Advanced Mat $SOLS

Patriot Financial Group Insurance Agency LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,884 shares of the company’s stock, valued at approximately $334,000.

Other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $26,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $29,000. Peoples Financial Services CORP. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $37,000. Towne Trust Company N.A acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $44,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $58,000.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $81.20 on Monday. The company has a 50 day moving average price of $76.30. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The stock has a market cap of $12.89 billion and a PE ratio of 312.31.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 115.38%.

Analyst Ratings Changes

Several research firms have recently weighed in on SOLS. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, January 7th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. UBS Group cut shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a research note on Monday, April 13th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and an average price target of $67.00.

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.