Dynamic Technology Lab Private Ltd Has $2.55 Million Stock Position in Match Group Inc. $MTCH

Dynamic Technology Lab Private Ltd lifted its position in shares of Match Group Inc. (NASDAQ:MTCH) by 88.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,989 shares of the technology company’s stock after acquiring an additional 37,076 shares during the period. Match Group makes up about 0.6% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 10th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Match Group were worth $2,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Match Group during the 3rd quarter worth approximately $28,000. Activest Wealth Management lifted its stake in Match Group by 6,523.1% in the 4th 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 lifted its stake in Match Group by 126.5% in the 3rd 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. Flagship Harbor Advisors LLC bought a new position in Match Group in the 4th quarter valued at approximately $38,000. Finally, Wexford Capital LP bought a new position in Match Group in the 3rd quarter valued at approximately $43,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $34.89 on Friday. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20. The firm has a 50 day moving average price of $35.18 and a two-hundred day moving average price of $32.96. The stock has a market cap of $8.14 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given 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 dividend payout ratio is 30.53%.

Insider Transactions at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

MTCH has been the subject of several research reports. TD Cowen increased their price objective 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. Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Truist Financial set a $37.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company increased their price objective on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.07.

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.