Quinn Opportunity Partners LLC Acquires 213,600 Shares of Match Group, Inc. (NASDAQ:MTCH)

Quinn Opportunity Partners LLC increased its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 206.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,100 shares of the technology company's stock after purchasing an additional 213,600 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.13% of Match Group worth $10,372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after buying an additional 378 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Match Group by 420.3% during the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after purchasing an additional 2,652 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Match Group during the 4th quarter worth approximately $116,000. Blue Trust Inc. raised its holdings in Match Group by 96.4% during the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock worth $166,000 after buying an additional 2,489 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Match Group by 432.3% in the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock valued at $175,000 after buying an additional 4,375 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Match Group Stock Performance

Shares of NASDAQ MTCH traded down $0.45 during midday trading on Wednesday, hitting $28.63. 1,070,137 shares of the stock traded hands, compared to its average volume of 5,063,493. The company has a market cap of $7.17 billion, a PE ratio of 14.17, a P/E/G ratio of 0.82 and a beta of 1.49. The business has a 50 day moving average price of $31.37 and a two-hundred day moving average price of $33.10. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. As a group, equities research analysts forecast that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTCH. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. HSBC downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Morgan Stanley lifted their target price on Match Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Match Group has an average rating of "Hold" and an average price target of $37.63.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.