9,185 Shares in Matthews International Co. (NASDAQ:MATW) Acquired by Inspire Advisors LLC

Inspire Advisors LLC acquired a new position in Matthews International Co. (NASDAQ:MATW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,185 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV boosted its holdings in shares of Matthews International by 63.7% in 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. Smartleaf Asset Management LLC boosted its holdings in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock worth $125,000 after buying an additional 4,271 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Matthews International in the fourth quarter worth approximately $154,000. BNP Paribas Financial Markets boosted its holdings in shares of Matthews International by 7.7% in 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. Finally, Waldron Private Wealth LLC purchased a new position in shares of Matthews International in the fourth quarter worth approximately $213,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

MATW opened at $22.79 on Thursday. 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 12-month low of $21.09 and a 12-month high of $32.24. The company has a market cap of $705.78 million, a price-to-earnings ratio of -11.57 and a beta of 1.09. The company’s 50 day moving average is $27.11 and its 200 day moving average is $25.89.

Matthews International (NASDAQ:MATW) last issued its quarterly earnings results 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 negative net margin of 3.48% and a positive return on equity of 12.88%. On average, equities research analysts predict 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 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International’s dividend payout ratio is currently -50.76%.

About Matthews International

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.