Wolf Hill Capital Management LP Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Wolf Hill Capital Management LP acquired a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,360,877 shares of the technology company's stock, valued at approximately $44,514,000. Match Group makes up 3.2% of Wolf Hill Capital Management LP's holdings, making the stock its 12th largest position. Wolf Hill Capital Management LP owned about 0.54% of Match Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MTCH. Nisa Investment Advisors LLC increased its holdings in Match Group by 94.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock valued at $1,947,000 after purchasing an additional 28,884 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock worth $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Match Group by 56.8% during the fourth quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after purchasing an additional 866,026 shares during the last quarter. Penn Davis Mcfarland Inc. increased its stake in shares of Match Group by 1.8% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company's stock valued at $15,665,000 after buying an additional 8,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Match Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after buying an additional 69,947 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MTCH. Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Bank of America decreased their price target on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday. Citigroup decreased their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus dropped their target price on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $36.58.

Insider Transactions at Match Group

In related news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now directly owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This represents a 99.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by insiders.

Match Group Stock Down 0.4 %

Shares of MTCH traded down $0.12 during trading hours on Friday, reaching $30.07. The stock had a trading volume of 2,734,914 shares, compared to its average volume of 4,936,530. The firm has a 50-day moving average of $30.60 and a 200 day moving average of $32.68. The company has a market cap of $7.53 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 52 week low of $26.39 and a 52 week high of $38.84.

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

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Match Group Company Profile

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.