American Century Companies Inc. Grows Stock Holdings in Matthews International Co. (NASDAQ:MATW)

American Century Companies Inc. lifted its position in shares of Matthews International Co. (NASDAQ:MATW) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,796 shares of the company’s stock after purchasing an additional 5,210 shares during the period. American Century Companies Inc.’s holdings in Matthews International were worth $1,461,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position 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. Allspring Global Investments Holdings LLC increased its stake in shares of Matthews International by 10.3% during 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 period. Jane Street Group LLC increased its stake in shares of Matthews International by 120.5% during the third quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock valued at $1,853,000 after buying an additional 43,650 shares during the period. Barclays PLC raised its holdings in shares of Matthews International by 375.4% during the third quarter. Barclays PLC now owns 52,823 shares of the company’s stock valued at $1,225,000 after acquiring an additional 41,711 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Matthews International by 49.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 117,704 shares of the company’s stock worth $3,258,000 after acquiring an additional 39,188 shares during the period. 83.08% of the stock is owned by institutional investors.

Matthews International Stock Up 8.4 %

Shares of Matthews International stock opened at $20.72 on Thursday. 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 12-month low of $18.50 and a 12-month high of $32.24. The company has a market cap of $641.68 million, a P/E ratio of -10.52 and a beta of 1.07. The company’s fifty day simple moving average is $23.67 and its two-hundred day simple moving average is $25.51.

Matthews International (NASDAQ:MATW) last announced 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 negative net margin of 3.48% and a positive return on equity of 12.88%. Research analysts anticipate that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Monday, February 10th. Matthews International’s dividend payout ratio is currently -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.