Andina Capital Management LLC Makes New Investment in Matson, Inc. (NYSE:MATX)

Andina Capital Management LLC bought a new stake in shares of Matson, Inc. (NYSE:MATX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,495 shares of the shipping company’s stock, valued at approximately $383,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Matson during the 4th quarter valued at about $26,000. Blue Trust Inc. raised its holdings in shares of Matson by 109.6% during the fourth quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Matson during the fourth quarter worth approximately $89,000. U S Global Investors Inc. grew its holdings in Matson by 13.4% in the 4th quarter. U S Global Investors Inc. now owns 997 shares of the shipping company’s stock worth $109,000 after buying an additional 118 shares in the last quarter. Finally, Planned Solutions Inc. acquired a new stake in Matson in the 4th quarter valued at approximately $112,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Price Performance

NYSE:MATX traded up $0.07 during midday trading on Wednesday, hitting $107.85. 164,376 shares of the stock were exchanged, compared to its average volume of 259,039. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 12.50 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. Matson, Inc. has a one year low of $62.71 and a one year high of $122.99. The business has a 50-day moving average price of $109.08 and a two-hundred day moving average price of $105.79.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The company had revenue of $722.10 million for the quarter, compared to the consensus estimate of $730.44 million. Matson had a return on equity of 12.71% and a net margin of 9.60%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. Sell-side analysts predict that Matson, Inc. will post 8.2 EPS for the current year.

Matson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 9th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.19%. Matson’s payout ratio is currently 15.27%.

Insider Activity at Matson

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the transaction, the senior vice president now owns 12,958 shares in the company, valued at $1,397,261.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MATX. Stifel Nicolaus boosted their price target on Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a research report on Wednesday. StockNews.com raised shares of Matson from a “hold” rating to a “buy” rating in a report on Wednesday.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.