Hussman Strategic Advisors Inc. Makes New Investment in Match Group Inc. (NASDAQ:MTCH)

Hussman Strategic Advisors Inc. acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,500 shares of the technology company's stock, valued at approximately $983,000.

Several other large investors also recently modified their holdings of the stock. Starboard Value LP increased its position in shares of Match Group by 53.4% during the fourth quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock valued at $479,429,000 after buying an additional 5,100,824 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Match Group by 716.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after purchasing an additional 4,611,598 shares during the period. Norges Bank purchased a new stake in shares of Match Group during the fourth quarter valued at approximately $112,176,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Match Group by 110.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock valued at $183,968,000 after purchasing an additional 2,952,470 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Match Group by 24.2% during the fourth quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after purchasing an additional 2,042,677 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Performance

Shares of NASDAQ MTCH traded up $0.10 during trading on Friday, hitting $32.45. The company had a trading volume of 2,695,349 shares, compared to its average volume of 4,667,304. The stock has a 50 day simple moving average of $30.91 and a 200 day simple moving average of $31.34. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The firm has a market capitalization of $8.13 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of Match Group stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer directly owned 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MTCH. JPMorgan Chase & Co. decreased their price objective on Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Evercore ISI reiterated a "cautious" rating and issued a $32.00 price objective on shares of Match Group in a report on Wednesday, May 21st. Stifel Nicolaus reduced their price target on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Bank of America reduced their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $35.96.

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.