Aquatic Capital Management LLC Invests $5.07 Million in Match Group Inc. $MTCH

Aquatic Capital Management LLC bought a new position in shares of Match Group Inc. (NASDAQ:MTCH) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 143,489 shares of the technology company’s stock, valued at approximately $5,068,000.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Match Group in the third quarter worth $25,000. Root Financial Partners LLC purchased a new position in shares of Match Group in the 3rd quarter valued at $27,000. Employees Retirement System of Texas acquired a new position in shares of Match Group during the 2nd quarter valued at $28,000. Rossby Financial LCC boosted its position in Match Group by 126.5% during the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after purchasing an additional 506 shares during the period. Finally, Caldwell Trust Co purchased a new stake in Match Group during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TD Cowen cut their price objective on Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their target price on Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of Match Group in a research note on Wednesday, December 10th. Truist Financial reduced their price target on Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. Finally, Wolfe Research set a $43.00 price target on Match Group and gave the stock an “outperform” rating in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Match Group has a consensus rating of “Hold” and a consensus target price of $35.86.

Match Group Price Performance

NASDAQ:MTCH opened at $30.29 on Tuesday. The firm has a 50-day moving average of $31.23 and a two-hundred day moving average of $33.00. The stock has a market cap of $7.15 billion, a P/E ratio of 12.73, a PEG ratio of 0.50 and a beta of 1.30. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that Match Group Inc. will post 2.44 earnings per share for the current year.

Match Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 7th. This represents a $0.80 annualized dividend and a yield of 2.6%. This is a boost from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend payout ratio (DPR) is presently 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.