Militia Capital Partners LP Acquires Shares of 18,400 Match Group Inc. $MTCH

Militia Capital Partners LP acquired a new stake in Match Group Inc. (NASDAQ:MTCH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,400 shares of the technology company’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Match Group in the third quarter valued at $28,000. Activest Wealth Management increased its holdings in shares of Match Group by 6,523.1% in the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after purchasing an additional 848 shares during the last quarter. Rossby Financial LCC increased its holdings in shares of Match Group by 126.5% in the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after purchasing an additional 506 shares during the last quarter. Parkside Financial Bank & Trust increased 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 during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Match Group in the fourth quarter valued at $38,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the sale, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.71% of the stock is owned by corporate insiders.

Match Group Stock Performance

MTCH stock opened at $36.52 on Wednesday. The company’s 50-day simple moving average is $35.37 and its 200 day simple moving average is $33.00. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $39.20. The company has a market capitalization of $8.52 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.33.

Match Group Announces Dividend

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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.2%. Match Group’s dividend payout ratio is currently 30.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Piper Sandler set a $51.00 price target on shares of Match Group in a research note on Wednesday, May 6th. Barclays upped their price target on shares of Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Citigroup upped their price target on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, TD Cowen upped their price target on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.07.

Match Group Company 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.