Match Group Inc. $MTCH Stake Lifted by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC boosted its holdings in Match Group Inc. (NASDAQ:MTCH) by 59.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 44,540 shares of the technology company’s stock after purchasing an additional 16,570 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Match Group were worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Match Group by 3.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,345 shares of the technology company’s stock valued at $1,061,000 after acquiring an additional 1,213 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Match Group by 14.1% during the second quarter. V Square Quantitative Management LLC now owns 7,885 shares of the technology company’s stock worth $244,000 after purchasing an additional 975 shares during the period. Patton Albertson Miller Group LLC lifted its holdings in shares of Match Group by 4.6% during the second quarter. Patton Albertson Miller Group LLC now owns 87,076 shares of the technology company’s stock valued at $2,690,000 after purchasing an additional 3,820 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Match Group in the 2nd quarter valued at $226,000. Finally, TCI Wealth Advisors Inc. increased its stake in Match Group by 10.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 8,173 shares of the technology company’s stock worth $252,000 after purchasing an additional 744 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on MTCH shares. Susquehanna raised their target price on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Evercore ISI raised their price objective on shares of Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. UBS Group increased their target price on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their price target on Match Group from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.44.

Match Group Stock Performance

MTCH opened at $34.32 on Monday. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.68 and a beta of 1.38. The firm’s 50-day simple moving average is $36.67 and its 200-day simple moving average is $32.69. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. Match Group’s dividend payout ratio (DPR) is presently 37.44%.

Insider Activity

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the transaction, the director owned 21,926 shares of the company’s stock, valued at approximately $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen Bailey sold 12,500 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the sale, the director owned 8,058 shares in the company, valued at $295,889.76. The trade was a 60.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,454 shares of company stock worth $907,839. Insiders own 0.64% of the company’s stock.

About Match Group

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.