40,915 Shares in Matthews International Co. (NASDAQ:MATW) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Matthews International Co. (NASDAQ:MATW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 40,915 shares of the company’s stock, valued at approximately $1,133,000.

A number of other hedge funds also recently added to or reduced their stakes in MATW. State Street Corp lifted its holdings in Matthews International by 6.8% during the 3rd quarter. State Street Corp now owns 1,208,505 shares of the company’s stock worth $28,037,000 after buying an additional 76,911 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Matthews International by 10.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after purchasing an additional 73,240 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Matthews International by 120.5% in the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock valued at $1,853,000 after purchasing an additional 43,650 shares in the last quarter. Barclays PLC raised its holdings in shares of Matthews International by 375.4% in the 3rd quarter. Barclays PLC now owns 52,823 shares of the company’s stock valued at $1,225,000 after purchasing an additional 41,711 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Matthews International by 49.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 117,704 shares of the company’s stock valued at $3,258,000 after purchasing an additional 39,188 shares in the last quarter. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Matthews International Price Performance

Shares of MATW opened at $20.32 on Friday. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24. The firm’s fifty day simple moving average is $23.52 and its 200-day simple moving average is $25.49. The firm has a market capitalization of $629.29 million, a price-to-earnings ratio of -10.31 and a beta of 1.07. 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 (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.14 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%. Equities analysts forecast that Matthews International Co. will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 4.92%. Matthews International’s dividend payout ratio is currently -50.76%.

About Matthews International

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.