Gamco Investors INC. ET AL Sells 4,448 Shares of Matthews International Co. (NASDAQ:MATW)

Gamco Investors INC. ET AL decreased its position in shares of Matthews International Co. (NASDAQ:MATW) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,204,801 shares of the company’s stock after selling 4,448 shares during the period. Gamco Investors INC. ET AL’s holdings in Matthews International were worth $33,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Matthews International by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company’s stock valued at $95,804,000 after buying an additional 18,425 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Matthews International by 1.9% in the 4th quarter. Phoenix Financial Ltd. now owns 1,523,362 shares of the company’s stock worth $42,167,000 after purchasing an additional 28,189 shares in the last quarter. State Street Corp raised its stake 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 acquiring an additional 76,911 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Matthews International by 10.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after acquiring an additional 73,240 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Matthews International by 0.9% in the third quarter. Geode Capital Management LLC now owns 729,539 shares of the company’s stock worth $16,929,000 after buying an additional 6,536 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

NASDAQ MATW opened at $21.09 on Tuesday. The business has a 50 day simple moving average of $23.28 and a two-hundred day simple moving average of $25.48. Matthews International Co. has a 1-year low of $18.50 and a 1-year high of $32.24. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The stock has a market capitalization of $653.14 million, a PE ratio of -10.71 and a beta of 1.07.

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

Matthews International Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, February 10th. Matthews International’s dividend payout ratio is currently -50.76%.

Matthews International Company 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.