Matthews International Co. (NASDAQ:MATW) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in Matthews International Co. (NASDAQ:MATW - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,854,343 shares of the company's stock after acquiring an additional 168,970 shares during the quarter. Ameriprise Financial Inc. owned 5.99% of Matthews International worth $51,328,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Matthews International by 551.8% during the 4th quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock valued at $25,000 after purchasing an additional 767 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Matthews International by 797.2% in the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock worth $26,000 after acquiring an additional 845 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Matthews International by 3.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 31,156 shares of the company's stock worth $862,000 after acquiring an additional 1,088 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Matthews International by 2.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,715 shares of the company's stock valued at $2,124,000 after acquiring an additional 1,802 shares during the period. Finally, Nebula Research & Development LLC increased its stake in shares of Matthews International by 25.9% in the 4th quarter. Nebula Research & Development LLC now owns 14,035 shares of the company's stock valued at $388,000 after purchasing an additional 2,888 shares in the last quarter. Hedge funds and other institutional investors own 83.08% of the company's stock.

Matthews International Price Performance

NASDAQ MATW traded down $0.78 during trading hours on Wednesday, reaching $20.44. The company's stock had a trading volume of 251,300 shares, compared to its average volume of 198,038. The firm has a market capitalization of $633.82 million, a price-to-earnings ratio of -10.38 and a beta of 1.20. The company's 50-day moving average is $21.11 and its two-hundred day moving average is $25.12. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. Matthews International Co. has a 1-year low of $18.50 and a 1-year high of $32.24.

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

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Monday, May 12th. Matthews International's payout ratio is -39.22%.

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.