Invesco Ltd. Has $7.72 Million Holdings in Matthews International Co. (NASDAQ:MATW)

Invesco Ltd. increased its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,782 shares of the company's stock after buying an additional 34,062 shares during the quarter. Invesco Ltd. owned about 0.90% of Matthews International worth $7,717,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Matthews International by 551.8% in the 4th quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock valued at $25,000 after purchasing an additional 767 shares during the last quarter. Russell Investments Group Ltd. grew its position in Matthews International by 1,718.7% in the fourth quarter. Russell Investments Group Ltd. now owns 85,662 shares of the company's stock valued at $2,371,000 after acquiring an additional 80,952 shares during the last quarter. Wells Fargo & Company MN raised its stake in Matthews International by 27.6% during the fourth quarter. Wells Fargo & Company MN now owns 19,479 shares of the company's stock worth $539,000 after acquiring an additional 4,217 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of Matthews International by 196.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 46,279 shares of the company's stock worth $1,281,000 after acquiring an additional 30,654 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Matthews International during the 4th quarter valued at approximately $1,133,000. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Price Performance

NASDAQ:MATW traded down $1.03 on Wednesday, hitting $20.45. The company had a trading volume of 553,295 shares, compared to its average volume of 189,063. The firm has a 50 day moving average of $22.00 and a two-hundred day moving average of $25.28. The stock has a market capitalization of $633.32 million, a price-to-earnings ratio of -10.38 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 52 week low of $18.50 and a 52 week high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts anticipate that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.89%. Matthews International's payout ratio is currently -50.76%.

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.