Dimensional Fund Advisors LP Sells 12,660 Shares of Matthews International Co. (NASDAQ:MATW)

Dimensional Fund Advisors LP lowered its position in Matthews International Co. (NASDAQ:MATW - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,410,994 shares of the company's stock after selling 12,660 shares during the period. Dimensional Fund Advisors LP owned about 4.56% of Matthews International worth $39,057,000 as of its most recent SEC filing.

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

Matthews International Stock Up 2.9 %

Shares of MATW traded up $0.57 during midday trading on Friday, hitting $20.41. The stock had a trading volume of 287,374 shares, compared to its average volume of 195,569. 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 firm has a market cap of $632.89 million, a price-to-earnings ratio of -10.36 and a beta of 1.20. The company has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $25.15. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last released 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 firm had revenue of $427.63 million for 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. Shareholders of record on Monday, May 12th will be paid a $0.25 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 4.90%. 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.