GSA Capital Partners LLP Purchases 38,502 Shares of Match Group Inc. $MTCH

GSA Capital Partners LLP boosted its holdings in Match Group Inc. (NASDAQ:MTCH) by 327.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,252 shares of the technology company’s stock after acquiring an additional 38,502 shares during the period. GSA Capital Partners LLP’s holdings in Match Group were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Match Group by 3,228.4% during the third quarter. CWM LLC now owns 266,406 shares of the technology company’s stock worth $9,409,000 after acquiring an additional 258,402 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Match Group by 611.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company’s stock worth $3,857,000 after purchasing an additional 100,163 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Match Group by 71.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 31,228 shares of the technology company’s stock worth $965,000 after purchasing an additional 12,987 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Match Group by 24.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 63,024 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 12,206 shares during the period. Finally, Capital Fund Management S.A. grew its holdings in Match Group by 507.1% in the 2nd quarter. Capital Fund Management S.A. now owns 443,862 shares of the technology company’s stock valued at $13,711,000 after buying an additional 370,745 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Match Group news, CEO Spencer M. Rascoff bought 14,000 shares of Match Group stock in a transaction dated Thursday, November 20th. The stock was bought at an average cost of $31.84 per share, with a total value of $445,760.00. Following the completion of the acquisition, the chief executive officer directly owned 165,128 shares in the company, valued at approximately $5,257,675.52. The trade was a 9.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

Match Group Trading Down 1.0%

MTCH opened at $30.18 on Wednesday. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The company has a market cap of $7.12 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. The company has a fifty day moving average price of $31.86 and a two-hundred day moving average price of $33.79.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The firm had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This is an increase from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Match Group’s payout ratio is 33.61%.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. Evercore cut their price objective on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research note on Thursday, January 22nd. TD Cowen lowered their price objective on Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wolfe Research set a $43.00 price objective on shares of Match Group and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Morgan Stanley set a $35.00 target price on shares of Match Group in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.86.

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.