Matthews International (NASDAQ:MATW) Director J Michael Nauman Buys 2,000 Shares

Matthews International Corporation (NASDAQ:MATW) Director J Michael Nauman acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $22.97 per share, with a total value of $45,940.00. Following the acquisition, the director directly owned 7,081 shares of the company’s stock, valued at $162,650.57. The trade was a 39.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matthews International Price Performance

Shares of MATW opened at $23.25 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 1.15. Matthews International Corporation has a 1 year low of $21.95 and a 1 year high of $30.93. The stock has a market cap of $725.70 million, a P/E ratio of -25.00 and a beta of 1.09. The stock’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $26.49.

Matthews International (NASDAQ:MATW) last posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.35). The company had revenue of $246.02 million for the quarter, compared to analyst estimates of $264.54 million. Matthews International had a positive return on equity of 4.51% and a negative net margin of 2.65%. On average, equities analysts predict that Matthews International Corporation will post 0.53 earnings per share for the current year.

Matthews International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, August 10th. Matthews International’s dividend payout ratio is presently -109.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MATW shares. Weiss Ratings restated a “sell (d+)” rating on shares of Matthews International in a research report on Monday, August 3rd. Wall Street Zen cut Matthews International from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered Matthews International from a “hold” rating to a “strong sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Matthews International

Several institutional investors have recently added to or reduced their stakes in MATW. US Bancorp DE raised its stake in shares of Matthews International by 45.9% in the 3rd quarter. US Bancorp DE now owns 2,063 shares of the company’s stock valued at $50,000 after purchasing an additional 649 shares during the period. Potomac Capital Management Inc. bought a new stake in Matthews International in the 4th quarter valued at approximately $59,000. Tripletail Wealth Management LLC boosted its position in Matthews International by 206.5% during the 4th quarter. Tripletail Wealth Management LLC now owns 2,820 shares of the company’s stock worth $73,000 after acquiring an additional 1,900 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Matthews International by 187.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock worth $69,000 after acquiring an additional 1,880 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Matthews International by 51.6% in the second quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock valued at $74,000 after purchasing an additional 1,048 shares during the last quarter. 83.08% of the stock is owned by institutional investors.

Matthews International Company Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.