Tidal Investments LLC Invests $7.26 Million in Solstice Advanced Mat $SOLS

Tidal Investments LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,969 shares of the company’s stock, valued at approximately $7,262,000.

A number of other large investors have also recently modified their holdings of the business. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat during the fourth quarter worth about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $26,000. Princeton Global Asset Management LLC bought a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at approximately $27,000. Finally, Manning & Napier Advisors LLC acquired a new position in Solstice Advanced Mat during the 2nd quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SOLS. Wall Street Zen downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Finally, Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.11.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $61.53 on Friday. The firm has a market cap of $9.77 billion and a PE ratio of 34.76. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The business’s 50 day moving average price is $60.66 and its two-hundred day moving average price is $73.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, equities analysts anticipate that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is presently 16.95%.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.