Wexford Capital LP Has $3.25 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

Wexford Capital LP raised its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 1,345.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,217 shares of the technology company's stock after acquiring an additional 92,355 shares during the quarter. Wexford Capital LP's holdings in Match Group were worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MTCH. Metis Global Partners LLC raised its holdings in shares of Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after purchasing an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in Match Group by 2.2% during the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after buying an additional 349 shares in the last quarter. Assetmark Inc. grew its position in Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Match Group by 1.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock worth $757,000 after acquiring an additional 415 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Match Group by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company's stock worth $2,445,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Insider Activity at Match Group

In related news, CEO Spencer M. Rascoff purchased 70,885 shares of the business's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer now directly owns 137,478 shares in the company, valued at $3,856,257.90. This trade represents a 106.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. The trade was a 99.31% decrease in their position. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on MTCH shares. Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Hsbc Global Res cut Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI reaffirmed an "in-line" rating and set a $32.00 price objective on shares of Match Group in a research report on Wednesday. Stifel Nicolaus reduced their target price on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Finally, Citigroup decreased their target price on Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.91.

Match Group Stock Up 0.4%

NASDAQ:MTCH traded up $0.11 during mid-day trading on Thursday, reaching $29.45. 3,899,421 shares of the company were exchanged, compared to its average volume of 4,921,800. The stock has a market cap of $7.38 billion, a PE ratio of 14.58, a PEG ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The company has a fifty day moving average of $29.70 and a 200 day moving average of $31.69.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.58%. Match Group's payout ratio is 37.62%.

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.