Matthews International Co. (NASDAQ:MATW) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its holdings in Matthews International Co. (NASDAQ:MATW - Free Report) by 196.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,279 shares of the company's stock after purchasing an additional 30,654 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.15% of Matthews International worth $1,281,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MATW. Vanguard Group Inc. grew its holdings in Matthews International by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company's stock valued at $95,804,000 after buying an additional 18,425 shares during the last quarter. State Street Corp boosted its stake in shares of Matthews International by 6.8% during the third quarter. State Street Corp now owns 1,208,505 shares of the company's stock valued at $28,037,000 after acquiring an additional 76,911 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Matthews International by 10.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company's stock worth $21,126,000 after purchasing an additional 73,240 shares in the last quarter. Geode Capital Management LLC raised its stake in Matthews International by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 729,539 shares of the company's stock valued at $16,929,000 after purchasing an additional 6,536 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Matthews International by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 375,855 shares of the company's stock valued at $10,404,000 after purchasing an additional 34,064 shares in the last quarter. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Trading Down 1.8 %

Shares of Matthews International stock traded down $0.39 during mid-day trading on Tuesday, hitting $20.70. 32,571 shares of the stock were exchanged, compared to its average volume of 181,275. The company has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $25.48. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $641.15 million, a price-to-earnings ratio of -10.51 and a beta of 1.07. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24.

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

Matthews International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Monday, February 10th. Matthews International's payout ratio is -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.