23,465 Shares in Matthews International Co. (NASDAQ:MATW) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new position in Matthews International Co. (NASDAQ:MATW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,465 shares of the company's stock, valued at approximately $650,000. Marshall Wace LLP owned approximately 0.08% of Matthews International at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MATW. Quadrant Capital Group LLC boosted its holdings in Matthews International by 551.8% in the 4th quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock worth $25,000 after buying an additional 767 shares during the period. Sterling Capital Management LLC raised its holdings in Matthews International by 797.2% in the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock worth $26,000 after purchasing an additional 845 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Matthews International by 1,865.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock worth $125,000 after purchasing an additional 4,271 shares during the last quarter. AlphaQuest LLC acquired a new position in Matthews International during the fourth quarter valued at $154,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Matthews International in the fourth quarter valued at approximately $155,000. Institutional investors own 83.08% of the company's stock.

Matthews International Trading Up 1.6 %

Matthews International stock traded up $0.30 during mid-day trading on Wednesday, hitting $19.10. The company's stock had a trading volume of 310,778 shares, compared to its average volume of 194,233. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $592.12 million, a PE ratio of -9.69 and a beta of 1.20. The stock's fifty day moving average is $21.44 and its two-hundred day moving average is $25.18. Matthews International Co. has a 1 year low of $18.50 and a 1 year high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $427.63 million during the quarter, compared to analyst estimates of $435.62 million. On average, analysts anticipate that Matthews International Co. will post 1.73 EPS 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Monday, May 12th. Matthews International's dividend payout ratio (DPR) is -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.