Sei Investments Co. Has $4.94 Million Holdings in Matthews International Co. (NASDAQ:MATW)

Sei Investments Co. decreased its position in shares of Matthews International Co. (NASDAQ:MATW) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 178,510 shares of the company’s stock after selling 4,424 shares during the period. Sei Investments Co.’s holdings in Matthews International were worth $4,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MATW. Barclays PLC boosted its stake in shares of Matthews International by 375.4% during the third quarter. Barclays PLC now owns 52,823 shares of the company’s stock valued at $1,225,000 after purchasing an additional 41,711 shares in the last quarter. Jane Street Group LLC boosted its position in Matthews International by 120.5% during the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock worth $1,853,000 after buying an additional 43,650 shares during the period. Geode Capital Management LLC grew its holdings in Matthews International by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 729,539 shares of the company’s stock worth $16,929,000 after acquiring an additional 6,536 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Matthews International by 10.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company’s stock valued at $21,126,000 after acquiring an additional 73,240 shares during the period. Finally, State Street Corp raised its stake in shares of Matthews International by 6.8% during the third quarter. State Street Corp now owns 1,208,505 shares of the company’s stock valued at $28,037,000 after acquiring an additional 76,911 shares during the last quarter. Institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

Shares of Matthews International stock opened at $21.89 on Wednesday. The stock has a market cap of $677.91 million, a price-to-earnings ratio of -11.11 and a beta of 1.09. Matthews International Co. has a twelve month low of $21.09 and a twelve month high of $32.24. The company’s fifty day moving average is $25.07 and its 200 day moving average is $25.73. 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 results on Thursday, February 6th. The company reported $0.14 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%. Sell-side analysts forecast 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 4.57%. Matthews International’s payout ratio is -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.