12,947 Shares in Match Group Inc. $MTCH Bought by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC acquired a new position in Match Group Inc. (NASDAQ:MTCH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,947 shares of the technology company's stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Starboard Value LP increased its holdings in shares of Match Group by 53.4% in the fourth quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock worth $479,429,000 after purchasing an additional 5,100,824 shares during the period. Nuveen LLC purchased a new position in Match Group in the 1st quarter worth approximately $142,281,000. Invesco Ltd. grew its stake in Match Group by 64.2% in the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company's stock worth $298,451,000 after buying an additional 3,738,509 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock worth $343,427,000 after buying an additional 2,042,677 shares in the last quarter. Finally, Wolf Hill Capital Management LP purchased a new position in Match Group in the 4th quarter worth approximately $44,514,000. Institutional investors own 94.05% of the company's stock.

Match Group Trading Up 1.4%

Shares of MTCH traded up $0.51 during mid-day trading on Friday, reaching $37.30. The company's stock had a trading volume of 3,896,474 shares, compared to its average volume of 5,153,445. The stock has a market cap of $8.98 billion, a PE ratio of 18.37, a P/E/G ratio of 0.73 and a beta of 1.36. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20. The company's fifty day moving average price is $33.67 and its two-hundred day moving average price is $31.76.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group's payout ratio is presently 37.44%.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director directly owned 8,058 shares of the company's stock, valued at $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MTCH shares. JPMorgan Chase & Co. boosted their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Citigroup lowered their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Susquehanna boosted their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Five investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $35.44.

Match Group Company 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.