Skylands Capital LLC Has $1.99 Million Stock Holdings in Matthews International Co. (NASDAQ:MATW)

Skylands Capital LLC cut its stake in shares of Matthews International Co. (NASDAQ:MATW) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,000 shares of the company’s stock after selling 2,850 shares during the period. Skylands Capital LLC owned 0.23% of Matthews International worth $1,993,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MATW. Polar Asset Management Partners Inc. acquired a new position in Matthews International during the third quarter valued at approximately $2,793,000. State Street Corp lifted its position in shares of Matthews International by 6.8% in the third quarter. State Street Corp now owns 1,208,505 shares of the company’s stock valued at $28,037,000 after buying an additional 76,911 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Matthews International by 10.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after buying an additional 73,240 shares during the last quarter. Barington Capital Group L.P. lifted its position in shares of Matthews International by 18.2% in the third quarter. Barington Capital Group L.P. now owns 455,000 shares of the company’s stock valued at $10,556,000 after buying an additional 70,000 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Matthews International by 120.5% in the third quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock valued at $1,853,000 after buying an additional 43,650 shares during the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Stock Performance

MATW opened at $24.25 on Monday. Matthews International Co. has a 12-month low of $21.09 and a 12-month high of $32.24. The stock has a market cap of $751.00 million, a price-to-earnings ratio of -12.31 and a beta of 1.14. The business has a 50 day moving average of $28.04 and a 200-day moving average of $25.99. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94.

Matthews International (NASDAQ:MATW) last released its quarterly earnings data 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%. On average, equities research analysts expect that Matthews International Co. will post 1.73 earnings per share for the current year.

Matthews International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. 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.