New York State Common Retirement Fund Has $5 Million Stock Position in Matthews International Corporation (NASDAQ:MATW)

New York State Common Retirement Fund increased its holdings in shares of Matthews International Corporation (NASDAQ:MATW - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,879 shares of the company's stock after acquiring an additional 29,720 shares during the quarter. New York State Common Retirement Fund owned approximately 0.73% of Matthews International worth $5,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Palisade Capital Management LP lifted its position in Matthews International by 12.0% in the 1st quarter. Palisade Capital Management LP now owns 654,062 shares of the company's stock valued at $14,546,000 after purchasing an additional 70,078 shares during the last quarter. Principal Financial Group Inc. lifted its position in Matthews International by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 154,136 shares of the company's stock valued at $3,428,000 after purchasing an additional 5,813 shares during the last quarter. Skylands Capital LLC lifted its position in Matthews International by 74.2% in the 1st quarter. Skylands Capital LLC now owns 125,434 shares of the company's stock valued at $2,790,000 after purchasing an additional 53,434 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Matthews International by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 929,753 shares of the company's stock valued at $20,352,000 after purchasing an additional 148,161 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in Matthews International by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 32,663 shares of the company's stock valued at $726,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 83.08% of the company's stock.

Matthews International Price Performance

Shares of NASDAQ:MATW traded down $0.10 during trading on Friday, reaching $24.67. The company had a trading volume of 120,677 shares, compared to its average volume of 184,891. The firm's fifty day moving average is $23.08 and its 200 day moving average is $23.61. The firm has a market capitalization of $765.02 million, a PE ratio of -9.67 and a beta of 1.27. Matthews International Corporation has a twelve month low of $18.50 and a twelve month high of $32.24. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.09 and a current ratio of 1.59.

Matthews International (NASDAQ:MATW - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Matthews International had a positive return on equity of 11.04% and a negative net margin of 4.62%. The business had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. On average, equities analysts forecast that Matthews International Corporation will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 26th. Shareholders of record on Monday, May 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.05%. The ex-dividend date was Monday, May 12th. Matthews International's dividend payout ratio is -39.22%.

Matthews International Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.