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

Gamco Investors INC. ET AL increased its position in shares of Matthews International Corporation (NASDAQ:MATW) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,417,311 shares of the company’s stock after acquiring an additional 31,266 shares during the period. Gamco Investors INC. ET AL owned about 4.60% of Matthews International worth $34,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Matthews International by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,500,476 shares of the company’s stock valued at $36,430,000 after purchasing an additional 13,194 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Matthews International by 156.3% during the 3rd quarter. Intech Investment Management LLC now owns 30,777 shares of the company’s stock worth $747,000 after purchasing an additional 18,770 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Matthews International by 45.9% during the 3rd quarter. US Bancorp DE now owns 2,063 shares of the company’s stock valued at $50,000 after buying an additional 649 shares during the last quarter. Equitable Trust Co. acquired a new stake in shares of Matthews International during the 3rd quarter valued at about $218,000. Finally, CenterBook Partners LP grew its stake in shares of Matthews International by 21.5% in the 3rd quarter. CenterBook Partners LP now owns 140,472 shares of the company’s stock valued at $3,411,000 after buying an additional 24,859 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Matthews International Price Performance

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

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

Matthews International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MATW. Zacks Research downgraded Matthews International from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Weiss Ratings upgraded shares of Matthews International from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Matthews International 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.