Activist Starboard took a stake in Match. How the investor may help build value [Video]

Business: Match Group provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, The League, Meetic, OkCupid, Hinge and PlentyOfFish. Match’s services are available in over 40 languages to users all over the world.

Stock Market Value: $9.21B ($34.67 per share)

Percentage Ownership: 6.64%

Average Cost: $33.55

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has taken a total of 151 activist campaigns in its history and has an average return of 25.46% versus 13.61% for the Russell 2000 over the same period. In 46 of these situations, Starboard had an operational thesis as part of its activist campaign, and the firm made an average return of 43.89% versus 15.83% for the Russell 2000 over the same period.

On July 15, Starboard sent a letter to Matchhighlighting various opportunities to improve operations, financial results and capital allocation. …