Ameriprise Financial Inc. Has $51.33 Million Position in Matthews International Co. (NASDAQ:MATW)

Ameriprise Financial Inc. raised its holdings in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,854,343 shares of the company's stock after buying an additional 168,970 shares during the quarter. Ameriprise Financial Inc. owned about 5.99% of Matthews International worth $51,328,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC grew its position in Matthews International by 551.8% in the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock valued at $25,000 after acquiring an additional 767 shares during the period. Sterling Capital Management LLC grew its position in Matthews International by 797.2% in the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock valued at $26,000 after acquiring an additional 845 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Matthews International by 3.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 31,156 shares of the company's stock valued at $862,000 after acquiring an additional 1,088 shares during the period. Price T Rowe Associates Inc. MD grew its position in Matthews International by 2.4% in the fourth 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 grew its position in Matthews International by 25.9% in the fourth quarter. Nebula Research & Development LLC now owns 14,035 shares of the company's stock valued at $388,000 after acquiring an additional 2,888 shares during the period. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Matthews International Price Performance

NASDAQ:MATW traded up $0.19 during trading hours on Friday, reaching $20.87. The company had a trading volume of 58,178 shares, compared to its average volume of 197,909. The stock has a 50-day moving average of $21.05 and a two-hundred day moving average of $25.10. Matthews International Co. has a one year low of $18.50 and a one year high of $32.24. The firm has a market capitalization of $647.00 million, a PE ratio of -10.56 and a beta of 1.20. 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 (NASDAQ:MATW - Get Free Report) last issued its quarterly earnings results 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). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. The firm had revenue of $427.63 million for the quarter, compared to analyst estimates of $435.62 million. Analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, May 12th. Matthews International's dividend payout ratio (DPR) is presently -39.22%.

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.