ProShare Advisors LLC Sells 35,012 Shares of Matthews International Co. (NASDAQ:MATW)

ProShare Advisors LLC cut its stake in Matthews International Co. (NASDAQ:MATW - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,637 shares of the company's stock after selling 35,012 shares during the quarter. ProShare Advisors LLC owned about 0.87% of Matthews International worth $7,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC lifted its holdings in shares of Matthews International by 43.3% in the 4th quarter. Nuveen Asset Management LLC now owns 117,263 shares of the company's stock worth $3,246,000 after acquiring an additional 35,425 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Matthews International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,906 shares of the company's stock worth $468,000 after purchasing an additional 593 shares during the period. Gotham Asset Management LLC bought a new stake in Matthews International in the fourth quarter worth about $260,000. Graham Capital Management L.P. bought a new stake in Matthews International in the fourth quarter worth about $286,000. Finally, Deutsche Bank AG boosted its position in shares of Matthews International by 53.8% during the fourth quarter. Deutsche Bank AG now owns 27,832 shares of the company's stock valued at $770,000 after buying an additional 9,734 shares during the period. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Trading Up 1.2%

Shares of NASDAQ MATW opened at $20.93 on Monday. Matthews International Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.24. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. The company has a market cap of $649.02 million, a price-to-earnings ratio of -10.62 and a beta of 1.20. The business's 50 day moving average price is $21.01 and its 200-day moving average price is $25.11.

Matthews International (NASDAQ:MATW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. The business had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. On average, sell-side analysts expect that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Monday, May 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.78%. The ex-dividend date is Monday, May 12th. Matthews International's dividend payout ratio is presently -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.

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