Numerai GP LLC Sells 34,976 Shares of Matthews International Co. (NASDAQ:MATW)

Numerai GP LLC trimmed its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 63.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,107 shares of the company's stock after selling 34,976 shares during the period. Numerai GP LLC owned approximately 0.06% of Matthews International worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Matthews International by 3.6% in 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 position in shares of Matthews International in the 4th quarter worth $260,000. Graham Capital Management L.P. bought a new stake in shares of Matthews International in the fourth quarter worth $286,000. Deutsche Bank AG increased its position in Matthews International by 53.8% during the fourth quarter. Deutsche Bank AG now owns 27,832 shares of the company's stock valued at $770,000 after acquiring an additional 9,734 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Matthews International by 21.2% in the fourth quarter. Bank of America Corp DE now owns 119,025 shares of the company's stock valued at $3,295,000 after acquiring an additional 20,809 shares during the period. Institutional investors own 83.08% of the company's stock.

Matthews International Stock Performance

Shares of Matthews International stock traded up $0.25 during trading hours on Friday, reaching $20.93. 217,723 shares of the stock traded hands, compared to its average volume of 199,122. Matthews International Co. has a one year low of $18.50 and a one year high of $32.24. The firm has a market capitalization of $649.02 million, a price-to-earnings ratio of -10.62 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94. The company has a 50 day moving average price of $21.01 and a 200 day moving average price of $25.09.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 12.88% and a negative net margin of 3.48%. The business had revenue of $427.63 million during the quarter, compared to analysts' expectations of $435.62 million. On average, equities research analysts expect that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Monday, May 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, May 12th. Matthews International's payout ratio 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.