Boston Partners Has $702,000 Stake in Matthews International Co. (NASDAQ:MATW)

Boston Partners trimmed its holdings in shares of Matthews International Co. (NASDAQ:MATW) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,350 shares of the company’s stock after selling 6,219 shares during the quarter. Boston Partners owned about 0.08% of Matthews International worth $702,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position 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 buying an additional 471 shares during the last quarter. KBC Group NV increased its position 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 buying an additional 754 shares during the last quarter. Rhumbline Advisers increased its position in Matthews International by 3.3% during the fourth quarter. Rhumbline Advisers now owns 92,695 shares of the company’s stock worth $2,566,000 after buying an additional 2,921 shares during the last quarter. Principal Financial Group Inc. increased its position in Matthews International by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 148,323 shares of the company’s stock worth $4,106,000 after buying an additional 4,137 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 valued at $125,000 after acquiring an additional 4,271 shares during the period. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Price Performance

MATW stock opened at $23.15 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. Matthews International Co. has a 52-week low of $21.09 and a 52-week high of $32.24. The company has a 50-day moving average of $26.20 and a two-hundred day moving average of $25.75. The stock has a market capitalization of $716.93 million, a price-to-earnings ratio of -11.75 and a beta of 1.09.

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 negative net margin of 3.48% and a positive return on equity of 12.88%. As a group, equities research analysts anticipate that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Announces Dividend

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