Wells Fargo & Company MN raised its holdings in Merit Medical Systems, Inc. (NASDAQ:MMSI) by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,713 shares of the medical instruments supplier’s stock after acquiring an additional 62,226 shares during the quarter. Wells Fargo & Company MN owned 0.77% of Merit Medical Systems worth $16,706,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC lifted its stake in Merit Medical Systems by 1,420.2% during the third quarter. Neuberger Berman Group LLC now owns 304,049 shares of the medical instruments supplier’s stock valued at $12,876,000 after buying an additional 284,049 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Merit Medical Systems during the third quarter valued at about $8,889,000. Russell Investments Group Ltd. lifted its stake in Merit Medical Systems by 52.9% during the third quarter. Russell Investments Group Ltd. now owns 549,237 shares of the medical instruments supplier’s stock valued at $23,261,000 after buying an additional 190,042 shares in the last quarter. Citadel Advisors LLC lifted its stake in Merit Medical Systems by 528.9% during the third quarter. Citadel Advisors LLC now owns 148,104 shares of the medical instruments supplier’s stock valued at $6,272,000 after buying an additional 124,554 shares in the last quarter. Finally, Perceptive Advisors LLC purchased a new stake in Merit Medical Systems during the third quarter valued at about $4,235,000. 95.45% of the stock is owned by institutional investors.
In related news, Director Franklin J. Miller sold 10,000 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $43.93, for a total value of $439,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kent W. Stanger sold 9,082 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $44.90, for a total value of $407,781.80. The disclosure for this sale can be found here. Insiders sold 29,082 shares of company stock worth $1,286,382 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.
Merit Medical Systems, Inc. (NASDAQ:MMSI) opened at $47.30 on Wednesday. The firm has a market capitalization of $2,370.00, a PE ratio of 77.54, a PEG ratio of 2.16 and a beta of 1.28. Merit Medical Systems, Inc. has a twelve month low of $27.65 and a twelve month high of $49.50. The company has a quick ratio of 1.39, a current ratio of 2.73 and a debt-to-equity ratio of 0.38.
Merit Medical Systems (NASDAQ:MMSI) last issued its earnings results on Wednesday, February 28th. The medical instruments supplier reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $190.90 million for the quarter, compared to the consensus estimate of $187.62 million. Merit Medical Systems had a return on equity of 9.65% and a net margin of 3.78%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. sell-side analysts forecast that Merit Medical Systems, Inc. will post 1.64 earnings per share for the current fiscal year.
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Merit Medical Systems Company Profile
Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.
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