Matthews International (NASDAQ:MATW) Director J Michael Nauman Purchases 1,000 Shares of Stock
by Scott Moore · The Cerbat GemMatthews International Corporation (NASDAQ:MATW – Get Free Report) Director J Nauman acquired 1,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $19.99 per share, for a total transaction of $19,990.00. Following the acquisition, the director owned 11,081 shares of the company’s stock, valued at approximately $221,509.19. This trade represents a 9.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
J Michael Nauman also recently made the following trade(s):
- On Monday, August 24th, J Nauman bought 1,000 shares of Matthews International stock. The shares were acquired at an average price of $21.08 per share, with a total value of $21,080.00.
- On Thursday, August 20th, J Nauman purchased 1,900 shares of Matthews International stock. The stock was bought at an average price of $21.96 per share, for a total transaction of $41,724.00.
- On Monday, August 10th, J Nauman acquired 2,000 shares of Matthews International stock. The shares were bought at an average cost of $22.97 per share, with a total value of $45,940.00.
Matthews International Stock Up 1.0%
MATW stock opened at $20.10 on Wednesday. The business has a 50 day moving average of $24.14 and a 200 day moving average of $25.62. The firm has a market cap of $627.32 million, a PE ratio of -21.61 and a beta of 1.04. Matthews International Corporation has a twelve month low of $19.58 and a twelve month high of $30.93. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.
Matthews International (NASDAQ:MATW – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.35). Matthews International had a positive return on equity of 4.51% and a negative net margin of 2.65%.The company had revenue of $246.02 million during the quarter, compared to the consensus estimate of $264.54 million. On average, research analysts forecast that Matthews International Corporation will post 0.53 EPS for the current fiscal year.
Matthews International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, August 10th. Matthews International’s dividend payout ratio is -109.68%.
Hedge Funds Weigh In On Matthews International
A number of institutional investors and hedge funds have recently modified their holdings of MATW. Dimensional Fund Advisors LP increased its position in Matthews International by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,614,201 shares of the company’s stock valued at $41,677,000 after acquiring an additional 83,860 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Matthews International by 9.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,554,105 shares of the company’s stock valued at $40,593,000 after purchasing an additional 136,794 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Matthews International by 2.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,957 shares of the company’s stock valued at $27,832,000 after purchasing an additional 25,478 shares during the last quarter. Barington Companies Management LLC increased its position in shares of Matthews International by 9.6% during the 4th quarter. Barington Companies Management LLC now owns 1,000,000 shares of the company’s stock valued at $26,120,000 after purchasing an additional 87,196 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Matthews International by 12.9% in the 1st quarter. Sei Investments Co. now owns 233,065 shares of the company’s stock worth $6,018,000 after purchasing an additional 26,572 shares during the period. 83.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on MATW shares. Wall Street Zen downgraded shares of Matthews International from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Matthews International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Zacks Research downgraded shares of Matthews International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Truist Financial began coverage on Matthews International in a research report on Friday, August 21st. They issued a “hold” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Matthews International has an average rating of “Sell” and an average price target of $24.00.
Check Out Our Latest Research Report on MATW
Matthews International Company Profile
Matthews International Corporation (NASDAQ:MATW) is a global provider of products and services for memorialization, industrial automation and identification, and brand development. Founded in Pittsburgh in 1850, the company has built a diverse portfolio serving funeral homes, cemeteries, manufacturers, consumer brands, and other commercial customers.
Through its Memorialization businesses, Matthews supplies products and services used in burial and cremation, including mausoleums, cremation systems, caskets, urns, bronze memorials, cemetery products, and related software and operational services.