Aristotle Capital Boston LLC Sells 87,168 Shares of Matthews International Co. (NASDAQ:MATW)

Aristotle Capital Boston LLC lowered its position in shares of Matthews International Co. (NASDAQ:MATW) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 829,210 shares of the company’s stock after selling 87,168 shares during the quarter. Aristotle Capital Boston LLC owned 2.68% of Matthews International worth $22,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in Matthews International by 551.8% during the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 767 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Matthews International by 797.2% in the 4th quarter. Sterling Capital Management LLC now owns 951 shares of the company’s stock worth $26,000 after buying an additional 845 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 buying an additional 4,271 shares during the period. AlphaQuest LLC purchased a new stake in Matthews International during the fourth quarter worth about $154,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Matthews International in the fourth quarter worth about $155,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Price Performance

Matthews International stock opened at $19.82 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $613.81 million, a P/E ratio of -10.06 and a beta of 1.07. The firm has a 50 day moving average price of $21.81 and a 200-day moving average price of $25.26. Matthews International Co. has a twelve month low of $18.50 and a twelve month high of $32.24.

Matthews International (NASDAQ:MATW) last released its earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. The firm had revenue of $427.63 million during the quarter, compared to analysts’ expectations of $435.62 million. As a group, equities analysts predict that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Monday, May 12th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 12th. This represents a $1.00 dividend on an annualized basis and a yield of 5.05%. Matthews International’s dividend payout ratio is presently -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.