Match Group Inc. (NASDAQ:MTCH) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in Match Group Inc. (NASDAQ:MTCH) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,528 shares of the technology company’s stock after selling 1,387 shares during the quarter. Yousif Capital Management LLC’s holdings in Match Group were worth $952,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Match Group in the first quarter worth $37,000. Canada Post Corp Registered Pension Plan acquired a new position in Match Group in the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,512 shares during the period. Assetmark Inc. boosted its holdings in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock worth $99,000 after purchasing an additional 378 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,652 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Trading Up 0.1%

Shares of Match Group stock opened at $30.30 on Thursday. The company’s 50-day moving average price is $29.81 and its two-hundred day moving average price is $31.46. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $38.84. The stock has a market cap of $7.59 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.35.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, July 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Analyst Upgrades and Downgrades

MTCH has been the subject of a number of research reports. Evercore ISI reaffirmed a “cautious” rating and issued a $32.00 price objective on shares of Match Group in a report on Wednesday, May 21st. Wells Fargo & Company reduced their price target on shares of Match Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Bank of America reduced their price target on shares of Match Group from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of Match Group from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley reduced their price target on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.91.

Insiders Place Their Bets

In other Match Group news, CEO Spencer M. Rascoff purchased 70,885 shares of the company’s stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the transaction, the chief executive officer now owns 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by company insiders.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.