Clearline Capital LP Makes New Investment in Solstice Advanced Mat $SOLS

Clearline Capital LP bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 481,669 shares of the company’s stock, valued at approximately $23,399,000. Solstice Advanced Mat accounts for about 1.2% of Clearline Capital LP’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,796,000. Nwam LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $1,253,000. Fifth Third Bancorp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,424,000. Finally, Olstein Capital Management L.P. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $2,803,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SOLS shares. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. BMO Capital Markets upped their target price 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. Royal Bank Of Canada upped their target price on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Finally, Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Price Performance

SOLS stock opened at $85.14 on Thursday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. 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 stock’s 50 day moving average price is $82.36 and its 200 day moving average price is $70.15. The firm has a market cap of $13.52 billion and a P/E ratio of 95.66.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, sell-side analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

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.