Hunter Perkins Capital Management LLC Boosts Position in Match Group Inc. $MTCH

Hunter Perkins Capital Management LLC raised its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 59.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,540 shares of the technology company's stock after purchasing an additional 16,570 shares during the period. Hunter Perkins Capital Management LLC's holdings in Match Group were worth $1,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in shares of Match Group by 5.0% during the first quarter. Stratos Wealth Partners LTD. now owns 19,671 shares of the technology company's stock worth $614,000 after purchasing an additional 939 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Match Group by 7.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock worth $1,015,000 after buying an additional 2,429 shares during the period. Patton Fund Management Inc. purchased a new stake in Match Group in the second quarter valued at approximately $226,000. QRG Capital Management Inc. lifted its stake in Match Group by 34.0% in the first quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock valued at $496,000 after buying an additional 4,035 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Match Group by 79.2% in the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock valued at $289,000 after acquiring an additional 4,090 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

MTCH has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Match Group in a research note on Saturday, September 27th. JPMorgan Chase & Co. lifted their target price on Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Evercore ISI boosted their target price on Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Susquehanna upped their price target on Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $35.44.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $34.32 on Monday. The stock has a 50-day simple moving average of $36.67 and a 200-day simple moving average of $32.69. The stock has a market capitalization of $8.26 billion, a P/E ratio of 16.91, a PEG ratio of 0.68 and a beta of 1.38. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.19 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. Match Group's dividend payout ratio is 37.44%.

Insider Activity at Match Group

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the sale, the chief accounting officer owned 23,240 shares of the company's stock, valued at approximately $871,964.80. The trade was a 21.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen Bailey sold 12,500 shares of the company's stock in a transaction that occurred 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 sale, the director owned 8,058 shares in the company, valued at $295,889.76. The trade was a 60.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,454 shares of company stock valued at $907,839. Corporate insiders own 0.64% of the company's stock.

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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