Barclays PLC Has $1.44 Million Position in Matthews International Co. (NASDAQ:MATW)

Barclays PLC decreased its stake in Matthews International Co. (NASDAQ:MATW) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,136 shares of the company’s stock after selling 687 shares during the period. Barclays PLC owned 0.17% of Matthews International worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MATW. Allspring Global Investments Holdings LLC increased its position in Matthews International by 10.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after purchasing an additional 73,240 shares during the period. Amundi boosted its stake in shares of Matthews International by 212.7% in the 4th quarter. Amundi now owns 19,682 shares of the company’s stock valued at $545,000 after purchasing an additional 13,387 shares during the last quarter. Russell Investments Group Ltd. increased its position 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 during the period. Vanguard Group Inc. raised its stake in Matthews International by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company’s stock worth $95,804,000 after buying an additional 18,425 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Matthews International by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 375,855 shares of the company’s stock valued at $10,404,000 after buying an additional 34,064 shares during the period. 83.08% of the stock is currently owned by institutional investors.

Matthews International Stock Performance

Shares of Matthews International stock opened at $19.82 on Friday. The business has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $25.28. Matthews International Co. has a 1-year low of $18.50 and a 1-year high of $32.24. 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 company has a market cap of $613.81 million, a P/E ratio of -10.06 and a beta of 1.07.

Matthews International (NASDAQ:MATW) last issued its earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. The business had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. As a group, analysts anticipate that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Monday, May 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Monday, May 12th. Matthews International’s dividend payout ratio is presently -50.76%.

About Matthews International

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.