Cinctive Capital Management LP bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 106,446 shares of the company’s stock, valued at approximately $5,171,000. Cinctive Capital Management LP owned 0.07% of Solstice Advanced Mat at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $2,259,000. Parsons Capital Management Inc. RI acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $625,000. JFS Wealth Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $121,000. Pathway Financial Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $89,000.
Solstice Advanced Mat Stock Up 1.9%
SOLS opened at $85.14 on Thursday. The business’s fifty day moving average is $82.36 and its two-hundred day moving average is $70.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market cap of $13.52 billion and a price-to-earnings ratio of 95.66. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.
Solstice Advanced Mat Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Truist Financial began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. TD Cowen began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, BMO Capital Markets lifted their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.38.
Read Our Latest Stock Report on Solstice Advanced Mat
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.
Featured Stories
- Five stocks we like better than Solstice Advanced Mat
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
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.
