Campbell & CO Investment Adviser LLC Buys 38,024 Shares of Match Group Inc. $MTCH

Campbell & CO Investment Adviser LLC raised its stake in Match Group Inc. (NASDAQ:MTCH) by 282.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,505 shares of the technology company’s stock after purchasing an additional 38,024 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Match Group were worth $1,819,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Woodline Partners LP acquired a new stake in shares of Match Group in the 1st quarter valued at approximately $662,000. Parallel Advisors LLC lifted its stake in Match Group by 18.5% in the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after acquiring an additional 390 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Czech National Bank grew its position in shares of Match Group by 3.9% in the 2nd quarter. Czech National Bank now owns 59,941 shares of the technology company’s stock valued at $1,852,000 after acquiring an additional 2,270 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Match Group during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH opened at $31.33 on Friday. The firm has a 50 day simple moving average of $32.69 and a two-hundred day simple moving average of $34.09. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The company has a market cap of $7.40 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.59 and a beta of 1.33.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. Match Group’s payout ratio is 35.51%.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff bought 14,000 shares of the stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $31.84 per share, with a total value of $445,760.00. Following the acquisition, the chief executive officer directly owned 165,128 shares in the company, valued at approximately $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MTCH shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Truist Financial reduced their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. UBS Group set a $37.00 price target on shares of Match Group in a report on Tuesday. Wells Fargo & Company reduced their price objective on Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Evercore ISI decreased their target price on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.38.

Match Group 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.