Hsbc Holdings PLC Buys Shares of 22,201 Matthews International Co. (NASDAQ:MATW)

Hsbc Holdings PLC acquired a new position in Matthews International Co. (NASDAQ:MATW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 22,201 shares of the company's stock, valued at approximately $616,000. Hsbc Holdings PLC owned about 0.07% of Matthews International at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Matthews International by 375.4% during the third quarter. Barclays PLC now owns 52,823 shares of the company's stock valued at $1,225,000 after acquiring an additional 41,711 shares during the period. JPMorgan Chase & Co. boosted its position in Matthews International by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,279 shares of the company's stock worth $1,166,000 after acquiring an additional 6,514 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of Matthews International in the fourth quarter worth approximately $213,000. Allspring Global Investments Holdings LLC grew its position in Matthews International by 10.3% during the fourth 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. Finally, Rhumbline Advisers increased its stake in Matthews International by 3.3% in the 4th quarter. Rhumbline Advisers now owns 92,695 shares of the company's stock valued at $2,566,000 after buying an additional 2,921 shares during the period. 83.08% of the stock is currently owned by institutional investors.

Matthews International Stock Performance

Shares of NASDAQ:MATW traded up $0.57 during trading on Friday, reaching $20.41. The stock had a trading volume of 287,374 shares, compared to its average volume of 195,271. The stock has a fifty day simple moving average of $21.30 and a two-hundred day simple moving average of $25.15. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 52 week low of $18.50 and a 52 week high of $32.24. The firm has a market capitalization of $632.89 million, a price-to-earnings ratio of -10.36 and a beta of 1.20.

Matthews International (NASDAQ:MATW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $427.63 million for the quarter, compared to analyst estimates of $435.62 million. Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. As a group, analysts anticipate that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Monday, May 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, May 12th. Matthews International's payout ratio is currently -39.22%.

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.