Amundi Purchases 13,387 Shares of Matthews International Co. (NASDAQ:MATW)

Amundi boosted its stake in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 212.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,682 shares of the company's stock after purchasing an additional 13,387 shares during the period. Amundi owned 0.06% of Matthews International worth $545,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of Matthews International in the 3rd quarter valued at approximately $222,000. Victory Capital Management Inc. bought a new stake in Matthews International during the third quarter worth $235,000. KBC Group NV lifted its stake in Matthews International by 63.7% in the third quarter. KBC Group NV now owns 1,937 shares of the company's stock valued at $45,000 after acquiring an additional 754 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Matthews International by 21.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,516 shares of the company's stock valued at $1,822,000 after acquiring an additional 13,620 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Matthews International by 7.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company's stock worth $153,000 after purchasing an additional 471 shares during the last quarter. 83.08% of the stock is currently owned by institutional investors.

Matthews International Stock Performance

NASDAQ:MATW traded up $0.57 during mid-day trading on Monday, hitting $23.72. The stock had a trading volume of 154,472 shares, compared to its average volume of 172,411. Matthews International Co. has a twelve month low of $21.09 and a twelve month high of $32.24. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. The stock has a market cap of $734.58 million, a price-to-earnings ratio of -12.04 and a beta of 1.09. The company's 50 day simple moving average is $26.20 and its 200 day simple moving average is $25.76.

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Matthews International (NASDAQ:MATW - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. On average, equities research analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Matthews International's dividend payout ratio is currently -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.