Merit Medical Systems, Inc. (MMSI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Merit Medical Systems, Inc. (NASDAQ:MMSI) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,092 shares of the medical instruments supplier’s stock after purchasing an additional 1,033 shares during the quarter. Rhumbline Advisers’ holdings in Merit Medical Systems were worth $9,528,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in shares of Merit Medical Systems by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 18,502 shares of the medical instruments supplier’s stock worth $1,143,000 after purchasing an additional 165 shares during the last quarter. Neuburgh Advisers LLC lifted its position in shares of Merit Medical Systems by 2.9% during the fourth quarter. Neuburgh Advisers LLC now owns 6,204 shares of the medical instruments supplier’s stock worth $346,000 after purchasing an additional 176 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Merit Medical Systems by 0.3% during the first quarter. Arizona State Retirement System now owns 84,695 shares of the medical instruments supplier’s stock worth $5,237,000 after purchasing an additional 251 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Merit Medical Systems by 2.9% during the fourth quarter. Flinton Capital Management LLC now owns 9,588 shares of the medical instruments supplier’s stock worth $535,000 after purchasing an additional 272 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Merit Medical Systems by 0.6% during the fourth quarter. Comerica Bank now owns 54,289 shares of the medical instruments supplier’s stock worth $2,897,000 after purchasing an additional 297 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

MMSI stock opened at $54.89 on Monday. The company has a quick ratio of 1.25, a current ratio of 2.36 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3.02 billion, a P/E ratio of 32.48, a PEG ratio of 2.34 and a beta of 1.03. Merit Medical Systems, Inc. has a 1-year low of $47.30 and a 1-year high of $66.34.

Merit Medical Systems (NASDAQ:MMSI) last posted its earnings results on Tuesday, April 23rd. The medical instruments supplier reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Merit Medical Systems had a return on equity of 10.99% and a net margin of 4.68%. The company had revenue of $238.35 million for the quarter, compared to analyst estimates of $236.53 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Merit Medical Systems, Inc. will post 2.02 EPS for the current fiscal year.

In other news, Director Kent W. Stanger sold 1,216 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $60.54, for a total transaction of $73,616.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Stillabower sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.05, for a total value of $580,500.00. Following the sale, the director now owns 63,618 shares in the company, valued at approximately $3,693,024.90. The disclosure for this sale can be found here. Insiders sold 43,216 shares of company stock worth $2,579,837 in the last quarter. 4.75% of the stock is owned by insiders.

Several analysts have recently weighed in on the company. BidaskClub upgraded Merit Medical Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Merit Medical Systems from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, April 30th. ValuEngine downgraded Merit Medical Systems from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Needham & Company LLC restated a “buy” rating on shares of Merit Medical Systems in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $67.80.

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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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Institutional Ownership by Quarter for Merit Medical Systems (NASDAQ:MMSI)

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