Matthews International Co. (NASDAQ:MATW) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of Matthews International Co. (NASDAQ:MATW) by 120.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,861 shares of the company’s stock after purchasing an additional 43,650 shares during the quarter. Jane Street Group LLC owned 0.26% of Matthews International worth $1,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. KBC Group NV grew its position in shares of Matthews International by 63.7% during the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock worth $45,000 after buying an additional 754 shares in the last quarter. Point72 DIFC Ltd bought a new position in Matthews International during the 2nd quarter valued at $49,000. nVerses Capital LLC acquired a new position in Matthews International during the 2nd quarter worth $110,000. BNP Paribas Financial Markets increased its position in shares of Matthews International by 7.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock worth $153,000 after purchasing an additional 471 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Matthews International in the 3rd quarter valued at about $222,000. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Matthews International Stock Performance

Shares of MATW opened at $27.82 on Thursday. The stock has a market capitalization of $851.35 million, a PE ratio of -14.41 and a beta of 1.13. The business’s fifty day moving average price is $26.36 and its 200 day moving average price is $25.39. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. Matthews International Co. has a 12-month low of $21.09 and a 12-month high of $39.12.

Matthews International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.25 dividend. This is an increase from Matthews International’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Monday, December 2nd. Matthews International’s dividend payout ratio (DPR) is presently -51.81%.

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.