Aristotle Capital Boston LLC Has $22.95 Million Stake in Matthews International Co. (NASDAQ:MATW)

Aristotle Capital Boston LLC cut its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 829,210 shares of the company's stock after selling 87,168 shares during the period. Aristotle Capital Boston LLC owned approximately 2.68% of Matthews International worth $22,953,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of 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 buying an additional 767 shares during the period. Sterling Capital Management LLC raised its stake in shares of Matthews International by 797.2% in the 4th quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock valued at $26,000 after purchasing an additional 845 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock valued at $125,000 after purchasing an additional 4,271 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Matthews International during the fourth quarter worth about $154,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Matthews International in the 4th quarter valued at approximately $155,000. Institutional investors and hedge funds own 83.08% of the company's stock.

Matthews International Stock Up 4.5 %

NASDAQ MATW traded up $0.86 during trading on Thursday, hitting $19.96. The stock had a trading volume of 154,081 shares, compared to its average volume of 194,109. The company has a market capitalization of $618.94 million, a PE ratio of -10.13 and a beta of 1.20. Matthews International Co. has a 12 month low of $18.50 and a 12 month high of $32.24. The company's 50-day moving average price is $21.44 and its two-hundred day moving average price is $25.18. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58.

Matthews International (NASDAQ:MATW - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. As a group, sell-side analysts forecast that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Monday, May 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 5.01%. Matthews International's dividend payout ratio (DPR) is presently -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.