CastleKnight Management LP Sells 19,760 Shares of Match Group Inc. $MTCH

CastleKnight Management LP lowered its position in Match Group Inc. (NASDAQ:MTCH) by 17.4% during the 4th quarter, Holdings Channel reports. The firm owned 93,840 shares of the technology company’s stock after selling 19,760 shares during the quarter. CastleKnight Management LP’s holdings in Match Group were worth $3,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fieldview Capital Management LLC bought a new stake in Match Group during the 3rd quarter valued at $1,803,000. GSA Capital Partners LLP boosted its position in Match Group by 327.7% during the 3rd quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock valued at $1,775,000 after acquiring an additional 38,502 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Match Group during the 4th quarter valued at $1,299,000. Robeco Institutional Asset Management B.V. boosted its position in Match Group by 22.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 625,638 shares of the technology company’s stock valued at $20,202,000 after acquiring an additional 115,852 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Match Group during the 3rd quarter valued at $1,863,000. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 3.3%

MTCH stock opened at $35.31 on Thursday. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $39.20. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.58 and a beta of 1.33. The business’s 50-day moving average is $35.43 and its 200 day moving average is $33.02.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s payout ratio is presently 30.53%.

Insider Transactions at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several recent research reports. Piper Sandler set a $51.00 target price on Match Group in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Match Group in a research report on Wednesday, May 6th. TD Cowen increased their target price on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays increased their price objective on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.07.

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.