Potomac Fund Management Inc. ADV Purchases New Position in Solstice Advanced Mat $SOLS

Potomac Fund Management Inc. ADV acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,022 shares of the company’s stock, valued at approximately $633,000.

A number of other hedge funds have also bought and sold shares of SOLS. Westerkirk Capital Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $26,000. Hoey Investments Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000.

Wall Street Analysts Forecast Growth

SOLS has been the subject of several analyst reports. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Truist Financial started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. BMO Capital Markets boosted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $83.06 on Monday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The firm has a market capitalization of $13.19 billion and a P/E ratio of 93.33. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $81.87 and a two-hundred day simple moving average of $69.34.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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, equities analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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