26,810 Shares in Match Group Inc. $MTCH Bought by Versor Investments LP

Versor Investments LP bought a new stake in Match Group Inc. (NASDAQ:MTCH) during the third quarter, HoldingsChannel reports. The fund bought 26,810 shares of the technology company’s stock, valued at approximately $947,000.

Several other hedge funds have also recently added to or reduced their stakes in MTCH. Norges Bank purchased a new position in shares of Match Group in the 2nd quarter worth about $134,429,000. Jupiter Asset Management Ltd. raised its holdings in shares of Match Group by 15,523.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock valued at $107,751,000 after buying an additional 3,465,877 shares in the last quarter. LSV Asset Management lifted its position in Match Group by 106.2% in the 2nd quarter. LSV Asset Management now owns 3,462,831 shares of the technology company’s stock worth $106,967,000 after buying an additional 1,783,256 shares during the last quarter. Callodine Capital Management LP lifted its position in Match Group by 67.3% in the 2nd quarter. Callodine Capital Management LP now owns 1,355,000 shares of the technology company’s stock worth $41,856,000 after buying an additional 545,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Match Group by 21.2% in the second quarter. Bank of America Corp DE now owns 2,908,669 shares of the technology company’s stock worth $89,849,000 after buying an additional 507,901 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Insiders Place Their Bets

In other Match Group news, CEO Spencer M. Rascoff acquired 14,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer owned 165,128 shares in the company, valued at $5,257,675.52. This represents a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of several research reports. Wolfe Research set a $43.00 price target on shares of Match Group and gave the stock an “outperform” rating in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Match Group in a research note on Wednesday, December 10th. Raymond James Financial reissued a “market perform” rating on shares of Match Group in a research note on Wednesday, December 10th. Finally, Evercore reduced their price target on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.86.

Match Group Trading Down 0.3%

MTCH stock opened at $32.49 on Wednesday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.64 and a beta of 1.32. The firm’s 50-day moving average price is $32.22 and its two-hundred day moving average price is $33.91. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20.

Match Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, April 7th. This is a positive change from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend payout ratio is currently 31.93%.

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.