Russell Investments Group Ltd. Buys 80,952 Shares of Matthews International Co. (NASDAQ:MATW)

Russell Investments Group Ltd. boosted its holdings in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 1,718.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,662 shares of the company's stock after buying an additional 80,952 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Matthews International worth $2,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MATW. Barclays PLC boosted its stake in Matthews International by 375.4% in the 3rd quarter. Barclays PLC now owns 52,823 shares of the company's stock valued at $1,225,000 after buying an additional 41,711 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Matthews International by 120.5% in the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company's stock valued at $1,853,000 after purchasing an additional 43,650 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Matthews International by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 729,539 shares of the company's stock worth $16,929,000 after purchasing an additional 6,536 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Matthews International by 10.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company's stock worth $21,126,000 after purchasing an additional 73,240 shares in the last quarter. Finally, State Street Corp lifted its holdings in Matthews International by 6.8% during the 3rd quarter. State Street Corp now owns 1,208,505 shares of the company's stock valued at $28,037,000 after purchasing an additional 76,911 shares during the last quarter. Institutional investors own 83.08% of the company's stock.

Matthews International Price Performance

Shares of MATW stock traded up $0.23 during trading hours on Thursday, hitting $20.16. 24,714 shares of the company's stock were exchanged, compared to its average volume of 185,452. Matthews International Co. has a 52 week low of $18.50 and a 52 week high of $32.24. The stock has a market cap of $624.34 million, a price-to-earnings ratio of -10.23 and a beta of 1.07. 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 stock's 50-day moving average is $22.43 and its 200-day moving average is $25.32.

Matthews International (NASDAQ:MATW - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. As a group, research analysts forecast that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Monday, February 10th. Matthews International's payout ratio is -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.