Allspring Global Investments Holdings LLC Buys 73,240 Shares of Matthews International Co. (NASDAQ:MATW)

Allspring Global Investments Holdings LLC raised its position in shares of Matthews International Co. (NASDAQ:MATW) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 781,592 shares of the company’s stock after acquiring an additional 73,240 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.52% of Matthews International worth $21,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Matthews International by 226.0% during the third quarter. SG Americas Securities LLC now owns 14,577 shares of the company’s stock valued at $338,000 after purchasing an additional 10,105 shares in the last quarter. Semanteon Capital Management LP purchased a new position in Matthews International during the third quarter valued at $459,000. GSA Capital Partners LLP bought a new stake in shares of Matthews International during the 3rd quarter valued at $222,000. Victory Capital Management Inc. purchased a new stake in shares of Matthews International in the 3rd quarter worth about $235,000. Finally, KBC Group NV increased its stake in shares of Matthews International by 63.7% in the 3rd quarter. KBC Group NV now owns 1,937 shares of the company’s stock worth $45,000 after acquiring an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Trading Up 3.0 %

NASDAQ:MATW opened at $25.73 on Friday. The firm has a market capitalization of $796.86 million, a P/E ratio of -13.06 and a beta of 1.14. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. Matthews International Co. has a one year low of $21.09 and a one year high of $32.24. The company’s 50-day simple moving average is $28.57 and its 200 day simple moving average is $26.05.

Matthews International (NASDAQ:MATW) last issued 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 positive return on equity of 12.42% and a negative net margin of 3.48%. As a group, analysts forecast that Matthews International Co. will post 2 EPS for the current fiscal year.

Matthews International Dividend Announcement

The business also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, February 10th. Matthews International’s dividend payout ratio is presently -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.