Smartleaf Asset Management LLC Purchases 4,271 Shares of Matthews International Co. (NASDAQ:MATW)

Smartleaf Asset Management LLC increased its position in Matthews International Co. (NASDAQ:MATW) by 1,865.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,500 shares of the company’s stock after buying an additional 4,271 shares during the period. Smartleaf Asset Management LLC’s holdings in Matthews International were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new stake in Matthews International in the 3rd quarter worth $2,793,000. State Street Corp grew its position in Matthews International by 6.8% in the 3rd quarter. State Street Corp now owns 1,208,505 shares of the company’s stock worth $28,037,000 after purchasing an additional 76,911 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Matthews International by 10.3% in 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 during the last quarter. Barington Capital Group L.P. grew its position in Matthews International by 18.2% in the 3rd quarter. Barington Capital Group L.P. now owns 455,000 shares of the company’s stock worth $10,556,000 after purchasing an additional 70,000 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Matthews International by 120.5% in the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock worth $1,853,000 after purchasing an additional 43,650 shares during the last quarter. Institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

NASDAQ MATW opened at $24.60 on Friday. 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 capitalization of $761.84 million, a price-to-earnings ratio of -12.49 and a beta of 1.09. The company’s fifty day moving average is $27.35 and its two-hundred day moving average is $25.92. Matthews International Co. has a 52-week low of $21.09 and a 52-week high of $32.24.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. Equities 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. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Matthews International’s dividend payout ratio (DPR) is currently -50.76%.

Matthews International Company 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.