Gamco Investors INC. ET AL Purchases Shares of 92,069 Solstice Advanced Mat $SOLS

Gamco Investors INC. ET AL purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,069 shares of the company’s stock, valued at approximately $4,473,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Gabelli Funds LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $3,330,000. North Dakota State Investment Board bought a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $266,000. Elyxium Wealth LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $98,000. John G Ullman & Associates Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $287,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $172,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, UBS Group raised their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $84.48 on Thursday. The stock has a market cap of $13.42 billion and a P/E ratio of 94.92. The stock has a 50 day simple moving average of $78.78 and a 200 day simple moving average of $64.79. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.

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.