RBF Capital LLC Invests $1.94 Million in Match Group Inc. $MTCH

RBF Capital LLC acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 60,000 shares of the technology company’s stock, valued at approximately $1,937,000.

Several other institutional investors and hedge funds have also made changes to their positions in MTCH. AQR Capital Management LLC boosted its position in shares of Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after acquiring an additional 5,652,174 shares in the last quarter. Norges Bank acquired a new position in shares of Match Group during the 4th quarter worth about $112,641,000. Holocene Advisors LP boosted its position in shares of Match Group by 2,474.5% during the 3rd quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after acquiring an additional 2,635,085 shares in the last quarter. State Street Corp boosted its position in shares of Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Match Group by 58.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,997,395 shares of the technology company’s stock worth $96,786,000 after acquiring an additional 1,111,419 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Up 1.6%

MTCH opened at $36.52 on Wednesday. The business has a 50 day moving average price of $35.37 and a two-hundred day moving average price of $33.00. The company has a market cap of $8.52 billion, a PE ratio of 13.94, a P/E/G ratio of 0.57 and a beta of 1.33. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $39.20.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid 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%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTCH. Wells Fargo & Company boosted their target price on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Barclays boosted their target price on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. UBS Group boosted their target price on Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. TD Cowen boosted their target price on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Truist Financial set a $37.00 target price on Match Group in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.07.

Insider Buying and Selling

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 stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by corporate 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.