40,915 Shares in Matthews International Co. (NASDAQ:MATW) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new position in Matthews International Co. (NASDAQ:MATW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,915 shares of the company's stock, valued at approximately $1,133,000. Trexquant Investment LP owned 0.13% of Matthews International as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in 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 grew its position in shares of 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 buying an additional 73,240 shares during the period. Jane Street Group LLC increased its stake in shares of Matthews International by 120.5% in the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company's stock valued at $1,853,000 after acquiring an additional 43,650 shares in the last quarter. Barclays PLC boosted its stake in Matthews International by 375.4% during the third quarter. Barclays PLC now owns 52,823 shares of the company's stock worth $1,225,000 after acquiring an additional 41,711 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Matthews International by 49.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 117,704 shares of the company's stock worth $3,258,000 after purchasing an additional 39,188 shares in the last quarter. 83.08% of the stock is owned by institutional investors.

Matthews International Stock Down 1.8 %

Matthews International stock traded down $0.38 during midday trading on Wednesday, reaching $20.47. The stock had a trading volume of 32,008 shares, compared to its average volume of 181,769. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 12 month low of $18.50 and a 12 month high of $32.24. The company has a fifty day moving average price of $23.10 and a two-hundred day moving average price of $25.45. The company has a market capitalization of $633.97 million, a P/E ratio of -10.40 and a beta of 1.07.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts expect that Matthews International Co. will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.88%. Matthews International's dividend payout ratio (DPR) is currently -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.