Russell Investments Group Ltd. Acquires 80,952 Shares of Matthews International Co. (NASDAQ:MATW)

Russell Investments Group Ltd. increased its holdings in Matthews International Co. (NASDAQ:MATW - Free Report) by 1,718.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 85,662 shares of the company's stock after buying an additional 80,952 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of Matthews International worth $2,371,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MATW. Smartleaf Asset Management LLC increased its position in shares of Matthews International by 1,865.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock valued at $125,000 after purchasing an additional 4,271 shares during the last quarter. AlphaQuest LLC purchased a new stake in Matthews International in the 4th quarter worth $154,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Matthews International in the fourth quarter worth about $155,000. Waldron Private Wealth LLC bought a new position in shares of Matthews International during the 4th quarter valued at approximately $213,000. Finally, Arizona State Retirement System bought a new position in Matthews International during the fourth quarter valued at $233,000. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Trading Down 0.7 %

NASDAQ MATW traded down $0.13 during trading hours on Monday, hitting $19.38. 465,057 shares of the company were exchanged, compared to its average volume of 185,132. The stock has a market cap of $600.18 million, a PE ratio of -9.84 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94. The stock has a 50-day moving average price of $22.66 and a 200 day moving average price of $25.39. Matthews International Co. has a 52 week low of $18.50 and a 52 week high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last released its quarterly earnings results 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 positive return on equity of 12.88% and a negative net margin of 3.48%. Analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date was Monday, February 10th. Matthews International's payout ratio is presently -50.76%.

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.