Hussman Strategic Advisors Inc. Makes New $2.71 Million Investment in Match Group Inc. $MTCH

Hussman Strategic Advisors Inc. purchased a new position in shares of Match Group Inc. (NASDAQ:MTCH) in the 4th quarter, Holdings Channel reports. The fund purchased 84,000 shares of the technology company’s stock, valued at approximately $2,712,000.

Several other institutional investors have also modified their holdings of the company. Artemis Investment Management LLP bought a new position in shares of Match Group during the fourth quarter worth about $2,586,000. Activest Wealth Management grew its position in shares of Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after acquiring an additional 848 shares during the last quarter. Vest Financial LLC grew its position in shares of Match Group by 652.8% during the fourth quarter. Vest Financial LLC now owns 60,322 shares of the technology company’s stock worth $1,948,000 after acquiring an additional 52,309 shares during the last quarter. M&T Bank Corp grew its position in shares of Match Group by 9.7% during the fourth quarter. M&T Bank Corp now owns 11,376 shares of the technology company’s stock worth $368,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in shares of Match Group by 10.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 19,950 shares of the technology company’s stock worth $644,000 after acquiring an additional 1,892 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTCH. Morgan Stanley set a $35.00 price target on shares of Match Group in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. UBS Group restated a “neutral” rating on shares of Match Group in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Truist Financial lowered their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.42.

Match Group Stock Up 3.3%

Shares of MTCH opened at $38.67 on Friday. The firm has a 50-day moving average price of $32.42 and a 200 day moving average price of $32.31. The firm has a market capitalization of $9.00 billion, a PE ratio of 16.25, a P/E/G ratio of 0.62 and a beta of 1.36. Match Group Inc. has a 52-week low of $26.80 and a 52-week high of $39.20.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). The company had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, equities analysts expect that Match Group Inc. will post 3.05 EPS for the current year.

Match Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were given a $0.20 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. This is a boost from Match Group’s previous quarterly dividend of $0.19. Match Group’s payout ratio is currently 33.61%.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.