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

Numerai GP LLC trimmed its holdings 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 SEC. 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 SEC filing.

Several other institutional investors have also recently made changes to their positions in MATW. Ameriprise Financial Inc. lifted its holdings in shares of Matthews International by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,854,343 shares of the company's stock worth $51,328,000 after purchasing an additional 168,970 shares during the period. Barington Capital Group L.P. increased its stake in Matthews International by 23.9% in the fourth quarter. Barington Capital Group L.P. now owns 563,962 shares of the company's stock valued at $15,610,000 after purchasing an additional 108,962 shares during the period. Quinn Opportunity Partners LLC boosted its stake in shares of Matthews International by 100.7% in the fourth quarter. Quinn Opportunity Partners LLC now owns 192,620 shares of the company's stock valued at $5,332,000 after buying an additional 96,646 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Matthews International by 1,718.7% in the 4th quarter. Russell Investments Group Ltd. now owns 85,662 shares of the company's stock worth $2,371,000 after acquiring an additional 80,952 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Matthews International by 10.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company's stock valued at $21,126,000 after buying an additional 73,240 shares during the last quarter. Institutional investors own 83.08% of the company's stock.

Matthews International Stock Up 0.3%

NASDAQ:MATW traded up $0.07 during mid-day trading on Tuesday, hitting $20.76. The company had a trading volume of 30,967 shares, compared to its average volume of 198,360. Matthews International Co. has a 1 year low of $18.50 and a 1 year high of $32.24. 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 $643.59 million, a price-to-earnings ratio of -10.54 and a beta of 1.20. The business has a fifty day simple moving average of $20.97 and a 200-day simple moving average 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 the consensus estimate 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 the consensus estimate of $435.62 million. Equities analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Dividend Announcement

The company 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 4.82%. The ex-dividend date is Monday, May 12th. Matthews International's dividend payout ratio (DPR) is presently -39.22%.

About Matthews International

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.