Krilogy Financial LLC Makes New $836,000 Investment in Match Group Inc. $MTCH

Krilogy Financial LLC bought a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,196 shares of the technology company’s stock, valued at approximately $836,000.

A number of other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Match Group in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in shares of Match Group during the 3rd quarter valued at approximately $27,000. Employees Retirement System of Texas acquired a new position in Match Group in the second quarter valued at approximately $28,000. Caldwell Trust Co acquired a new position in Match Group in the second quarter valued at approximately $32,000. Finally, Quent Capital LLC purchased a new position in Match Group in the third quarter worth approximately $37,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 target price on shares of Match Group in a research report on Wednesday, December 10th. TD Cowen reduced their price objective on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Evercore lowered their target price on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.86.

Match Group Price Performance

NASDAQ MTCH opened at $30.50 on Friday. The company has a market cap of $7.20 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.57 and a beta of 1.32. The stock has a 50-day moving average of $32.01 and a two-hundred day moving average of $33.84. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, April 7th. This is an increase from Match Group’s previous quarterly dividend of $0.19. Match Group’s payout ratio is currently 31.93%.

Insider Transactions at Match Group

In other Match Group news, CEO Spencer M. Rascoff bought 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer directly owned 165,128 shares in the company, valued at $5,257,675.52. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

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.