Two Sigma Advisers LP Boosts Stake in Matthews International Co. (NASDAQ:MATW)

Two Sigma Advisers LP grew its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,300 shares of the company's stock after buying an additional 15,697 shares during the period. Two Sigma Advisers LP owned 0.45% of Matthews International worth $3,884,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC grew its stake in shares of Matthews International by 43.3% during the 4th quarter. Nuveen Asset Management LLC now owns 117,263 shares of the company's stock valued at $3,246,000 after buying an additional 35,425 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Matthews International by 3.6% during 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 purchased a new stake in Matthews International during the 4th quarter worth $260,000. Graham Capital Management L.P. purchased a new stake in Matthews International during the 4th quarter worth $286,000. Finally, Deutsche Bank AG boosted its position in Matthews International by 53.8% during the 4th quarter. Deutsche Bank AG now owns 27,832 shares of the company's stock worth $770,000 after purchasing an additional 9,734 shares during the period. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Stock Down 0.2%

Matthews International stock traded down $0.04 during trading on Friday, reaching $21.89. 41,979 shares of the company's stock were exchanged, compared to its average volume of 201,891. The company's 50-day moving average is $20.67 and its two-hundred day moving average is $24.91. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. Matthews International Co. has a 52-week low of $18.50 and a 52-week high of $32.24. The firm has a market cap of $678.79 million, a price-to-earnings ratio of -11.13 and a beta of 1.20.

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

Matthews International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 26th. Shareholders of record on Monday, May 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.57%. Matthews International's payout ratio is currently -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.