J Michael Nauman Acquires 1,074 Shares of Matthews International Co. (NASDAQ:MATW) Stock

Matthews International Co. (NASDAQ:MATW) Director J Michael Nauman purchased 1,074 shares of Matthews International stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $19.10 per share, for a total transaction of $20,513.40. Following the acquisition, the director now owns 5,074 shares in the company, valued at $96,913.40. This trade represents a 26.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Matthews International Price Performance

Shares of MATW stock opened at $20.41 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. Matthews International Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.24. The firm has a market cap of $632.89 million, a P/E ratio of -10.36 and a beta of 1.20. The business’s 50 day moving average price is $21.30 and its 200-day moving average price is $25.15.

Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. The company had revenue of $427.63 million during the quarter, compared to the consensus estimate of $435.62 million. On average, equities research analysts anticipate that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Monday, May 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, May 12th. Matthews International’s dividend payout ratio is currently -39.22%.

Hedge Funds Weigh In On Matthews International

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Matthews International by 0.5% in 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 in the last quarter. Ameriprise Financial Inc. raised its holdings in Matthews International by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,854,343 shares of the company’s stock worth $51,328,000 after purchasing an additional 168,970 shares in the last quarter. Phoenix Financial Ltd. lifted its position in Matthews International by 1.9% during the fourth 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. Allspring Global Investments Holdings LLC boosted its holdings in shares of Matthews International by 19.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 929,753 shares of the company’s stock valued at $20,352,000 after buying an additional 148,161 shares in the last quarter. Finally, Palisade Capital Management LP grew its position in shares of Matthews International by 12.0% in the 1st quarter. Palisade Capital Management LP now owns 654,062 shares of the company’s stock worth $14,546,000 after buying an additional 70,078 shares during the period. 83.08% of the stock is owned by institutional investors.

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.