RBF Capital LLC Makes New $1.94 Million Investment in Match Group Inc. $MTCH

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTCH. Woodline Partners LP acquired a new position in Match Group during the 1st quarter worth approximately $662,000. Northwestern Mutual Wealth Management Co. increased its position in Match Group by 20.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after purchasing an additional 891 shares during the period. First Trust Advisors LP increased its position in Match Group by 45.9% during the 2nd quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after purchasing an additional 204,472 shares during the period. Amundi increased its position in Match Group by 1,477.6% during the 2nd quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after purchasing an additional 335,971 shares during the period. Finally, Cresset Asset Management LLC acquired a new position in Match Group during the 2nd quarter worth approximately $298,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the topic of several recent analyst reports. TD Cowen boosted their target price on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada boosted their target price on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Barclays upped their price target on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company upped their price target on Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $43.00 price target on shares of Match Group in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Match Group presently has an average rating of “Hold” and an average target price of $41.07.

Match Group Price Performance

MTCH opened at $36.52 on Wednesday. The stock has a market cap of $8.52 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.57 and a beta of 1.33. The stock’s 50 day simple moving average is $35.37 and its 200 day simple moving average is $33.00. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $39.20.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Match Group’s dividend payout ratio is currently 30.53%.

Insider Buying and Selling at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction 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 sale, the director owned 16,218 shares in the company, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

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.