Gamco Investors INC. ET AL Has $34.41 Million Holdings in Matthews International Corporation $MATW

Gamco Investors INC. ET AL increased its position in Matthews International Corporation (NASDAQ:MATW) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,417,311 shares of the company’s stock after acquiring an additional 31,266 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Matthews International were worth $34,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MATW. US Bancorp DE grew its position in shares of Matthews International by 45.9% in the third quarter. US Bancorp DE now owns 2,063 shares of the company’s stock valued at $50,000 after purchasing an additional 649 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Matthews International in the third quarter worth about $59,000. Tower Research Capital LLC TRC lifted its position in shares of Matthews International by 187.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock worth $69,000 after purchasing an additional 1,880 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Matthews International by 51.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock valued at $74,000 after purchasing an additional 1,048 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Matthews International by 25.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,445 shares of the company’s stock valued at $84,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings raised Matthews International from a “sell (d)” rating to a “hold (c)” rating in a report on Friday, February 6th. Zacks Research lowered Matthews International from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Matthews International currently has an average rating of “Reduce”.

Matthews International Stock Down 0.3%

Shares of MATW opened at $25.65 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 1.51. The company has a 50-day simple moving average of $26.63 and a 200-day simple moving average of $25.27. Matthews International Corporation has a 52 week low of $18.50 and a 52 week high of $29.11. The firm has a market capitalization of $798.48 million, a P/E ratio of 36.13 and a beta of 1.16.

Matthews International (NASDAQ:MATW) last released its earnings results on Wednesday, February 4th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.24). Matthews International had a return on equity of 5.95% and a net margin of 1.64%.The firm had revenue of $284.76 million for the quarter, compared to analyst estimates of $282.50 million. On average, equities research analysts expect that Matthews International Corporation will post 1.73 earnings per share for the current year.

Matthews International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were given a $0.255 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.0%. Matthews International’s dividend payout ratio (DPR) is currently 143.66%.

Matthews International Company Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.