Gamco Investors INC. ET AL Sells 4,448 Shares of Matthews International Co. (NASDAQ:MATW)

Gamco Investors INC. ET AL lowered its position in Matthews International Co. (NASDAQ:MATW) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,801 shares of the company’s stock after selling 4,448 shares during the quarter. Gamco Investors INC. ET AL owned approximately 3.89% of Matthews International worth $33,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in MATW. Vanguard Group Inc. grew its position in Matthews International by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company’s stock worth $95,804,000 after acquiring an additional 18,425 shares during the last quarter. Phoenix Financial Ltd. boosted its position in Matthews International by 1.9% during the 4th quarter. Phoenix Financial Ltd. now owns 1,523,362 shares of the company’s stock valued at $42,167,000 after buying an additional 28,189 shares during the period. State Street Corp grew its holdings in Matthews International by 6.8% in the 3rd quarter. State Street Corp now owns 1,208,505 shares of the company’s stock worth $28,037,000 after acquiring an additional 76,911 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Matthews International by 10.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after acquiring an additional 73,240 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Matthews International by 0.9% during the third quarter. Geode Capital Management LLC now owns 729,539 shares of the company’s stock worth $16,929,000 after purchasing an additional 6,536 shares during the period. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Stock Up 2.8 %

Shares of NASDAQ:MATW opened at $21.09 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The company has a market cap of $653.14 million, a PE ratio of -10.71 and a beta of 1.07. The stock’s 50-day moving average is $23.28 and its 200 day moving average is $25.48. Matthews International Co. has a 1 year low of $18.50 and a 1 year high of $32.24.

Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (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%. Sell-side analysts anticipate that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were given 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 4.74%. Matthews International’s dividend payout ratio (DPR) is currently -50.76%.

Matthews International Company 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.