Captrust Financial Advisors Purchases 47,257 Shares of Match Group, Inc. (NASDAQ:MTCH)

Captrust Financial Advisors grew its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 615.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,933 shares of the technology company's stock after purchasing an additional 47,257 shares during the quarter. Captrust Financial Advisors' holdings in Match Group were worth $1,797,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its stake in shares of Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after acquiring an additional 4,611,598 shares in the last quarter. Norges Bank bought a new stake in shares of Match Group in the 4th quarter valued at $112,176,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Match Group by 110.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock valued at $183,968,000 after acquiring an additional 2,952,470 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after acquiring an additional 2,042,677 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in shares of Match Group by 4,659.2% in the 4th quarter. DnB Asset Management AS now owns 1,915,093 shares of the technology company's stock valued at $62,643,000 after acquiring an additional 1,874,853 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Price Performance

MTCH opened at $28.40 on Tuesday. The firm's fifty day moving average price is $29.98 and its two-hundred day moving average price is $31.98. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTCH. Bank of America lowered their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Citigroup reduced their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday. Morgan Stanley reduced their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, HSBC downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $35.91.

Insider Buying and Selling

In related news, CEO Spencer M. Rascoff purchased 70,885 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the acquisition, the chief executive officer now owns 137,478 shares of the company's stock, valued at $3,856,257.90. This represents a 106.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Gary Swidler sold 242,209 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This trade represents a 99.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

About Match Group

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.

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