14,946 Shares in Match Group Inc. $MTCH Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Match Group Inc. (NASDAQ:MTCH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,946 shares of the technology company’s stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of Match Group by 1.9% in the 2nd quarter. Versant Capital Management Inc now owns 15,463 shares of the technology company’s stock worth $588,000 after acquiring an additional 289 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Match Group by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock worth $317,000 after acquiring an additional 311 shares during the last quarter. Bollard Group LLC boosted its position in shares of Match Group by 0.6% during the first quarter. Bollard Group LLC now owns 52,928 shares of the technology company’s stock worth $1,625,000 after buying an additional 322 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Match Group by 8.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock valued at $133,000 after acquiring an additional 326 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Match Group by 53.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 0.9%

NASDAQ MTCH opened at $41.58 on Friday. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30. The business has a fifty day moving average of $38.61 and a 200-day moving average of $35.27. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $42.49.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. Match Group’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. As a group, analysts anticipate that Match Group Inc. will post 3.31 EPS for the current year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 5th. Match Group’s payout ratio is currently 28.27%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTCH. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Match Group in a research report on Wednesday, May 6th. Wall Street Zen downgraded Match Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. started coverage on shares of Match Group in a research note on Monday, August 24th. They set a “neutral” rating and a $43.00 price target for the company. Zacks Research upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $40.00 target price on shares of Match Group in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.46.

Insider Activity

In related news, CAO Philip D. Eigenmann sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $41.70, for a total transaction of $625,500.00. Following the transaction, the chief accounting officer directly owned 19,389 shares of the company’s stock, valued at approximately $808,521.30. The trade was a 43.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Glenn Schiffman bought 3,000 shares of Match Group stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the transaction, the director owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. This represents a 5.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.71% of the company’s stock.

About Match Group

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.