Boothbay Fund Management LLC Boosts Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Boothbay Fund Management LLC boosted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 162.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,712 shares of the technology company's stock after purchasing an additional 14,042 shares during the period. Boothbay Fund Management LLC's holdings in Match Group were worth $743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC boosted its position in Match Group by 3.0% during the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Match Group by 2.2% during the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after purchasing an additional 349 shares in the last quarter. Assetmark Inc. increased its stake in shares of Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after acquiring an additional 378 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in Match Group by 1.8% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock worth $757,000 after purchasing an additional 415 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Match Group by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company's stock valued at $2,445,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Trading Up 0.5 %

NASDAQ MTCH traded up $0.16 during trading hours on Monday, hitting $30.85. 651,776 shares of the company's stock traded hands, compared to its average volume of 4,857,847. Match Group, Inc. has a 52 week low of $26.39 and a 52 week high of $38.84. The firm has a market capitalization of $7.73 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.82 and a beta of 1.42. The business's fifty day moving average price is $30.28 and its two-hundred day moving average price is $32.35.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. On average, sell-side analysts expect that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.46%. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Buying and Selling

In other news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares of the company's stock, valued at $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

MTCH has been the topic of several recent research reports. Barclays cut their price target on Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. BTIG Research downgraded Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Bank of America lowered their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company cut their price objective on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Match Group has an average rating of "Hold" and a consensus target price of $36.44.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.