AlphaQuest LLC Buys Shares of 5,550 Matthews International Co. (NASDAQ:MATW)

AlphaQuest LLC acquired a new stake in Matthews International Co. (NASDAQ:MATW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,550 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. KBC Group NV raised its position in Matthews International by 63.7% during the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock worth $45,000 after acquiring an additional 754 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock valued at $125,000 after purchasing an additional 4,271 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Matthews International by 7.7% in the third quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock valued at $153,000 after purchasing an additional 471 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Matthews International in the fourth quarter valued at approximately $213,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Matthews International in the third quarter valued at approximately $222,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Matthews International Trading Up 1.5 %

Shares of MATW stock opened at $22.88 on Tuesday. The stock has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $25.81. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 1 year low of $21.09 and a 1 year high of $32.24. The stock has a market cap of $708.57 million, a P/E ratio of -11.61 and a beta of 1.09.

Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, February 6th. The company reported $0.14 earnings per share 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%. On average, research analysts predict 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 was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Monday, February 10th. Matthews International’s payout ratio is -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.