Militia Capital Partners LP Invests $594,000 in Match Group Inc. $MTCH

Militia Capital Partners LP acquired a new position in Match Group Inc. (NASDAQ:MTCH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,400 shares of the technology company’s stock, valued at approximately $594,000.

A number of other institutional investors have also made changes to their positions in the business. Rothschild Wealth LLC bought a new stake in shares of Match Group in the fourth quarter worth $207,000. RBF Capital LLC bought a new stake in shares of Match Group in the fourth quarter worth $1,937,000. Aster Capital Management DIFC Ltd lifted its position in shares of Match Group by 9.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 5,034 shares of the technology company’s stock worth $163,000 after purchasing an additional 421 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Match Group by 940.1% in the fourth quarter. Panagora Asset Management Inc. now owns 62,736 shares of the technology company’s stock worth $2,026,000 after purchasing an additional 56,704 shares in the last quarter. Finally, MML Investors Services LLC raised its position in Match Group by 21.4% during the fourth quarter. MML Investors Services LLC now owns 9,992 shares of the technology company’s stock worth $323,000 after acquiring an additional 1,760 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction 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 transaction, the director directly owned 16,218 shares in the company, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTCH. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Match Group in a research report on Wednesday, May 6th. Citigroup upped their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial set a $37.00 price target on shares of Match Group in a research report on Wednesday, May 6th. UBS Group upped their price target on shares of Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, TD Cowen upped their price target on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Match Group presently has an average rating of “Hold” and an average price target of $41.07.

Match Group Trading Up 1.6%

NASDAQ MTCH opened at $36.52 on Wednesday. The firm’s fifty day moving average price is $35.37 and its two-hundred day moving average price is $33.00. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $39.20. The firm has a market capitalization of $8.52 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.33.

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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, July 7th. Match Group’s payout ratio is currently 30.53%.

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.