Ionic Capital Management LLC Makes New Investment in Solstice Advanced Mat $SOLS

Ionic Capital Management LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 24,500 shares of the company’s stock, valued at approximately $1,190,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOLS. Vanguard Group Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $893,275,000. State Street Corp bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $245,276,000. Morgan Stanley bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $195,151,000. UBS Group AG bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $130,269,000. Finally, Norges Bank bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $128,368,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $85.14 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a market cap of $13.52 billion and a PE ratio of 95.66. The stock has a 50-day moving average of $82.36 and a 200-day moving average of $70.15. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 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 the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, sell-side analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders 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 dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Finally, 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 report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.38.

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.