American Century Companies Inc. Buys 5,210 Shares of Matthews International Co. (NASDAQ:MATW)

American Century Companies Inc. increased its position in Matthews International Co. (NASDAQ:MATW) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,796 shares of the company’s stock after acquiring an additional 5,210 shares during the quarter. American Century Companies Inc. owned about 0.17% of Matthews International worth $1,461,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Matthews International by 1,865.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock worth $125,000 after purchasing an additional 4,271 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Matthews International in the fourth quarter worth $154,000. BNP Paribas Financial Markets raised 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 worth $153,000 after buying an additional 471 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Matthews International during the fourth quarter valued at $213,000. Finally, Arizona State Retirement System purchased a new position in Matthews International during the fourth quarter worth about $233,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Price Performance

Shares of NASDAQ MATW opened at $20.72 on Thursday. The stock’s 50-day simple moving average is $23.67 and its two-hundred day simple moving average is $25.51. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24. The firm has a market capitalization of $641.68 million, a P/E ratio of -10.52 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Matthews International Co. will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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.