Matthews International Co. (NASDAQ:MATW) Shares Purchased by Barclays PLC

Barclays PLC grew its position in Matthews International Co. (NASDAQ:MATW - Free Report) by 375.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,823 shares of the company's stock after acquiring an additional 41,711 shares during the quarter. Barclays PLC owned about 0.17% of Matthews International worth $1,225,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MATW. Barington Capital Group L.P. boosted its stake in Matthews International by 18.2% during the 3rd quarter. Barington Capital Group L.P. now owns 455,000 shares of the company's stock worth $10,556,000 after purchasing an additional 70,000 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Matthews International by 8.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 708,352 shares of the company's stock valued at $16,434,000 after buying an additional 55,687 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Matthews International by 120.5% during the third quarter. Jane Street Group LLC now owns 79,861 shares of the company's stock worth $1,853,000 after buying an additional 43,650 shares during the period. State Street Corp grew its holdings 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 worth $28,037,000 after buying an additional 76,911 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Matthews International by 136.2% in the 2nd quarter. AQR Capital Management LLC now owns 23,239 shares of the company's stock valued at $582,000 after acquiring an additional 13,399 shares during the period. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

Matthews International Stock Performance

Shares of MATW stock traded down $0.08 during mid-day trading on Monday, hitting $27.69. The stock had a trading volume of 115,006 shares, compared to its average volume of 158,149. Matthews International Co. has a fifty-two week low of $21.09 and a fifty-two week high of $37.18. The firm has a market cap of $847.37 million, a PE ratio of -14.35 and a beta of 1.13. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. The company's 50-day simple moving average is $26.79 and its 200-day simple moving average is $25.41.

Matthews International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. This is a boost from Matthews International's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, December 2nd. Matthews International's dividend payout ratio is currently -51.81%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on Matthews International from $54.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, September 26th.

Matthews International Profile

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.