Merit Medical Systems, Inc. (MMSI) Director Kent W. Stanger Sells 1,216 Shares

Merit Medical Systems, Inc. (NASDAQ:MMSI) Director Kent W. Stanger sold 1,216 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $60.54, for a total transaction of $73,616.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kent W. Stanger also recently made the following trade(s):

  • On Thursday, March 28th, Kent W. Stanger sold 5,000 shares of Merit Medical Systems stock. The shares were sold at an average price of $60.34, for a total transaction of $301,700.00.

MMSI traded down $0.14 during trading on Friday, hitting $57.66. 649,614 shares of the company’s stock were exchanged, compared to its average volume of 344,034. The company has a current ratio of 2.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.40. Merit Medical Systems, Inc. has a fifty-two week low of $44.05 and a fifty-two week high of $66.34. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 2.47 and a beta of 1.11.

Merit Medical Systems (NASDAQ:MMSI) last released its quarterly earnings data on Tuesday, February 26th. The medical instruments supplier reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Merit Medical Systems had a net margin of 4.76% and a return on equity of 11.26%. The firm had revenue of $232.25 million for the quarter, compared to the consensus estimate of $231.03 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. As a group, equities analysts forecast that Merit Medical Systems, Inc. will post 2.01 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Capital Management LLC bought a new stake in shares of Merit Medical Systems in the 1st quarter worth $17,371,000. Hodges Capital Management Inc. grew its stake in shares of Merit Medical Systems by 1.5% in the 1st quarter. Hodges Capital Management Inc. now owns 162,805 shares of the medical instruments supplier’s stock worth $10,066,000 after acquiring an additional 2,355 shares in the last quarter. Pembroke Management LTD grew its stake in shares of Merit Medical Systems by 19.6% in the 1st quarter. Pembroke Management LTD now owns 162,600 shares of the medical instruments supplier’s stock worth $10,054,000 after acquiring an additional 26,650 shares in the last quarter. CAPROCK Group Inc. bought a new stake in shares of Merit Medical Systems in the 1st quarter worth $227,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Merit Medical Systems by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 18,502 shares of the medical instruments supplier’s stock worth $1,143,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Merit Medical Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. BidaskClub downgraded shares of Merit Medical Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.60.

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About Merit Medical Systems

Merit Medical Systems, Inc manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates through Cardiovascular and Endoscopy segments. It provides peripheral intervention products, including access, angiography, intervention, and drainage and biopsy for diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, hemostasis, intervention, and electrophysiology and cardiac rhythm management products to treat various heart conditions.

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