Sea Cliff Partners Management LP Has $15.48 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Sea Cliff Partners Management LP grew its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 83.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 473,129 shares of the technology company's stock after buying an additional 215,096 shares during the quarter. Match Group makes up about 5.4% of Sea Cliff Partners Management LP's investment portfolio, making the stock its 12th biggest position. Sea Cliff Partners Management LP owned 0.19% of Match Group worth $15,476,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTCH. Canada Post Corp Registered Pension Plan bought a new stake in shares of Match Group during the fourth quarter worth approximately $43,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after acquiring an additional 1,512 shares during the last quarter. Assetmark Inc. boosted its stake in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. Principal Securities Inc. boosted its stake in Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after acquiring an additional 2,652 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Match Group in the fourth quarter valued at approximately $116,000. 94.05% of the stock is owned by institutional investors.

Match Group Stock Down 1.7%

MTCH traded down $0.51 during trading hours on Tuesday, hitting $29.42. 5,827,867 shares of the company's stock were exchanged, compared to its average volume of 4,916,319. Match Group, Inc. has a 1-year low of $26.39 and a 1-year high of $38.84. The stock's 50-day moving average is $29.75 and its two-hundred day moving average is $31.73. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.82 and a beta of 1.42.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MTCH shares. Bank of America reduced their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Citigroup reduced their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Barclays reduced their price objective on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company lowered their target price on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their target price on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.91.

Insider Activity

In other news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Spencer M. Rascoff bought 70,885 shares of the business's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer now owns 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.64% of the company's stock.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.