Connor Clark & Lunn Investment Management Ltd. Purchases 39,188 Shares of Matthews International Co. (NASDAQ:MATW)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Matthews International Co. (NASDAQ:MATW) by 49.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,704 shares of the company’s stock after purchasing an additional 39,188 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.38% of Matthews International worth $3,258,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KBC Group NV grew its position in Matthews International by 63.7% during the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock valued at $45,000 after acquiring an additional 754 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Matthews International by 1,865.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock valued at $125,000 after purchasing an additional 4,271 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Matthews International by 7.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock valued at $153,000 after purchasing an additional 471 shares during the last quarter. AlphaQuest LLC purchased a new position in Matthews International in the 4th quarter worth $154,000. Finally, Waldron Private Wealth LLC bought a new stake in Matthews International in the fourth quarter worth $213,000. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Stock Up 1.5 %

Shares of NASDAQ:MATW opened at $22.88 on Tuesday. The stock has a market capitalization of $708.57 million, a P/E ratio of -11.61 and a beta of 1.09. The stock’s 50-day moving average price is $26.73 and its 200-day moving average price is $25.81. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 12-month low of $21.09 and a 12-month high of $32.24.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. On average, equities analysts anticipate that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Monday, February 10th. Matthews International’s payout ratio is -50.76%.

Matthews International Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.