Matthews International Co. (NASDAQ:MATW) Director J Michael Nauman Acquires 1,074 Shares

Matthews International Co. (NASDAQ:MATW) Director J Michael Nauman purchased 1,074 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $19.10 per share, for a total transaction of $20,513.40. Following the completion of the acquisition, the director now directly owns 5,074 shares of the company’s stock, valued at $96,913.40. This represents a 26.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Matthews International Stock Up 2.9%

Shares of Matthews International stock opened at $20.41 on Monday. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24. The stock has a market capitalization of $632.89 million, a price-to-earnings ratio of -10.36 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. The business’s 50 day simple moving average is $21.30 and its 200-day simple moving average is $25.19.

Matthews International (NASDAQ:MATW) last announced its earnings results on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $427.63 million for the quarter, compared to the consensus estimate of $435.62 million. 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 earnings per share for the current year.

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Monday, May 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 annualized dividend and a yield of 4.90%. Matthews International’s dividend payout ratio is presently -39.22%.

Hedge Funds Weigh In On Matthews International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MATW. Gabelli Funds LLC lifted its holdings in shares of Matthews International by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 148,911 shares of the company’s stock worth $4,122,000 after buying an additional 3,113 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Matthews International by 10.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after acquiring an additional 73,240 shares during the period. Barclays PLC lifted its holdings in Matthews International by 375.4% during the 3rd quarter. Barclays PLC now owns 52,823 shares of the company’s stock valued at $1,225,000 after purchasing an additional 41,711 shares during the last quarter. Amundi boosted its position in Matthews International by 212.7% in the fourth quarter. Amundi now owns 19,682 shares of the company’s stock valued at $545,000 after buying an additional 13,387 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Matthews International by 1,718.7% during the fourth quarter. Russell Investments Group Ltd. now owns 85,662 shares of the company’s stock worth $2,371,000 after buying an additional 80,952 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.

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.