GSA Capital Partners LLP Has $3.96 Million Position in Match Group Inc. $MTCH

GSA Capital Partners LLP boosted its position in Match Group Inc. (NASDAQ:MTCH) by 144.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 122,668 shares of the technology company’s stock after buying an additional 72,416 shares during the quarter. Match Group comprises approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 9th largest position. GSA Capital Partners LLP’s holdings in Match Group were worth $3,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Match Group during the third quarter valued at $27,000. Activest Wealth Management increased its holdings in shares of Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after acquiring an additional 848 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Match Group during the third quarter valued at $28,000. Rossby Financial LCC increased its holdings in shares of Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after acquiring an additional 506 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Match Group during the fourth quarter valued at $38,000. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the transaction, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. The trade was a 24.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by insiders.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $35.88 on Tuesday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.57 and a beta of 1.36. The stock’s 50-day simple moving average is $33.41 and its two-hundred day simple moving average is $32.56. Match Group Inc. has a 52-week low of $28.80 and a 52-week high of $39.20.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s payout ratio is presently 30.53%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTCH shares. Piper Sandler set a $51.00 price target on Match Group in a report on Wednesday, May 6th. Truist Financial set a $37.00 price target on Match Group in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $43.00 price target on shares of Match Group in a report on Wednesday, May 6th. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, TD Cowen raised their price target on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.07.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.