Investors Purchase Large Volume of Solstice Advanced Mat Put Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the target of unusually large options trading activity on Monday. Stock investors bought 10,746 put options on the company. This represents an increase of 576% compared to the average daily volume of 1,589 put options.

Solstice Advanced Mat Price Performance

SOLS stock traded up $0.69 on Monday, reaching $77.11. The company’s stock had a trading volume of 345,998 shares, compared to its average volume of 3,132,910. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $84.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. The company has a market capitalization of $12.24 billion and a P/E ratio of 296.65. The business has a fifty day simple moving average of $72.95.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Solstice Advanced Mat’s dividend payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SOLS shares. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. UBS Group restated a “buy” rating and set a $87.00 price objective on shares of Solstice Advanced Mat in a report on Thursday, February 12th. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, January 7th. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at about $27,000.

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.