15,463 Shares in Matthews International Co. (NASDAQ:MATW) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new position in shares of Matthews International Co. (NASDAQ:MATW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,463 shares of the company's stock, valued at approximately $428,000.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP raised its stake in Matthews International by 12.6% in the 4th quarter. Two Sigma Advisers LP now owns 140,300 shares of the company's stock worth $3,884,000 after purchasing an additional 15,697 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Matthews International by 43.3% during the fourth quarter. Nuveen Asset Management LLC now owns 117,263 shares of the company's stock worth $3,246,000 after purchasing an additional 35,425 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Matthews International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,906 shares of the company's stock valued at $468,000 after buying an additional 593 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Matthews International in the fourth quarter valued at approximately $260,000. Finally, Graham Capital Management L.P. acquired a new stake in Matthews International during the fourth quarter worth approximately $286,000. Institutional investors own 83.08% of the company's stock.

Matthews International Price Performance

Matthews International stock traded down $0.05 during mid-day trading on Friday, reaching $22.11. 229,944 shares of the company were exchanged, compared to its average volume of 206,509. The firm has a market cap of $685.61 million, a PE ratio of -11.22 and a beta of 1.24. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The company has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $24.83. Matthews International Co. has a 12 month low of $18.50 and a 12 month high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last issued its quarterly 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). The company had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. As a group, equities research analysts expect that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 26th. Stockholders of record on Monday, May 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Monday, May 12th. Matthews International's payout ratio is presently -39.22%.

Matthews International Company 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.