27,316 Shares in Match Group Inc. $MTCH Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,316 shares of the technology company’s stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTCH. Activest Wealth Management boosted its position in Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after acquiring an additional 848 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Match Group during the 3rd quarter worth about $28,000. Whittier Trust Co. raised its position in shares of Match Group by 91.3% in the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after acquiring an additional 431 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Match Group by 53.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after acquiring an additional 356 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Match Group by 1,319.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock valued at $36,000 after purchasing an additional 884 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity at Match Group

In other news, Director Glenn Schiffman acquired 3,000 shares of Match Group stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $36.63 per share, with a total value of $109,890.00. Following the transaction, the director owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. This trade represents a 5.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTCH shares. Zacks Research upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group boosted their price target on Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Barclays increased their price target on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Match Group in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.54.

Match Group Stock Down 1.9%

Shares of NASDAQ:MTCH opened at $37.22 on Tuesday. The business’s 50 day moving average is $37.59 and its 200 day moving average is $34.66. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $41.40. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.56 and a beta of 1.30.

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

Match Group Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Match Group’s dividend payout ratio is presently 28.27%.

Match Group Profile

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.