Peapack Gladstone Financial Corp Buys Shares of 17,588 Solstice Advanced Mat $SOLS

Peapack Gladstone Financial Corp bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,588 shares of the company’s stock, valued at approximately $854,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $4,796,000. Nwam LLC purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $1,253,000. Fifth Third Bancorp purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $4,424,000. Finally, CENTRAL TRUST Co purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $1,038,000.

Solstice Advanced Mat Trading Down 0.9%

Solstice Advanced Mat stock opened at $86.60 on Thursday. 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 52 week low of $40.43 and a 52 week high of $90.80. The company has a market capitalization of $13.75 billion and a price-to-earnings ratio of 97.30. The stock has a 50-day moving average price of $81.00 and a 200 day moving average price of $67.47.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.3%. Solstice Advanced Mat’s payout ratio is 33.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Thursday, May 14th. UBS Group raised their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and an average price target of $73.60.

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.