Boston Partners Sells 6,219 Shares of Matthews International Co. (NASDAQ:MATW)

Boston Partners decreased its holdings in shares of Matthews International Co. (NASDAQ:MATW) by 19.7% in the fourth quarter, Holdings Channel reports. The firm owned 25,350 shares of the company’s stock after selling 6,219 shares during the quarter. Boston Partners’ holdings in Matthews International were worth $702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its stake in 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 purchasing an additional 754 shares during the period. Smartleaf Asset Management LLC lifted its stake in Matthews International by 1,865.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock worth $125,000 after purchasing an additional 4,271 shares during the period. AlphaQuest LLC bought a new position in Matthews International during the fourth quarter worth about $154,000. BNP Paribas Financial Markets lifted its stake in Matthews International by 7.7% during the third 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 period. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Matthews International during the fourth quarter worth approximately $213,000. Institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

NASDAQ MATW opened at $23.15 on Friday. The firm has a market cap of $716.93 million, a price-to-earnings ratio of -11.75 and a beta of 1.09. The company has a 50 day moving average of $26.20 and a 200-day moving average of $25.75. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.94. Matthews International Co. has a 1-year low of $21.09 and a 1-year high of $32.24.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International’s payout ratio is -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.