Barington Capital Group L.P. Boosts Holdings in Matthews International Co. (NASDAQ:MATW)

Barington Capital Group L.P. grew its holdings in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563,962 shares of the company's stock after buying an additional 108,962 shares during the period. Matthews International accounts for about 14.2% of Barington Capital Group L.P.'s investment portfolio, making the stock its 3rd biggest holding. Barington Capital Group L.P. owned 1.82% of Matthews International worth $15,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its position in Matthews International by 551.8% in the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock worth $25,000 after acquiring an additional 767 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Matthews International by 797.2% during the 4th quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock worth $26,000 after purchasing an additional 845 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Matthews International by 3.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 31,156 shares of the company's stock worth $862,000 after purchasing an additional 1,088 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Matthews International by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,715 shares of the company's stock valued at $2,124,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Nebula Research & Development LLC raised its holdings in Matthews International by 25.9% in the 4th quarter. Nebula Research & Development LLC now owns 14,035 shares of the company's stock valued at $388,000 after acquiring an additional 2,888 shares in the last quarter. 83.08% of the stock is currently owned by institutional investors.

Matthews International Price Performance

Shares of MATW stock traded up $0.14 during trading hours on Monday, hitting $20.68. The company had a trading volume of 178,027 shares, compared to its average volume of 186,727. Matthews International Co. has a 12 month low of $18.50 and a 12 month high of $32.24. The firm has a market capitalization of $640.44 million, a price-to-earnings ratio of -10.50 and a beta of 1.07. The firm's fifty day moving average is $22.14 and its 200 day moving average is $25.34. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58.

Matthews International (NASDAQ:MATW - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.14 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, sell-side analysts predict that Matthews International Co. will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International's 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.