American Capital Management Inc. Trims Holdings in Merit Medical Systems, Inc. (MMSI)

American Capital Management Inc. lowered its position in Merit Medical Systems, Inc. (NASDAQ:MMSI) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 275,245 shares of the medical instruments supplier’s stock after selling 3,330 shares during the quarter. American Capital Management Inc. owned 0.55% of Merit Medical Systems worth $11,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. LS Investment Advisors LLC lifted its position in shares of Merit Medical Systems by 8.1% in the 2nd quarter. LS Investment Advisors LLC now owns 3,694 shares of the medical instruments supplier’s stock worth $141,000 after acquiring an additional 277 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Merit Medical Systems by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the medical instruments supplier’s stock worth $774,000 after buying an additional 300 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Merit Medical Systems by 3.9% in the 2nd quarter. Aperio Group LLC now owns 10,467 shares of the medical instruments supplier’s stock worth $399,000 after buying an additional 391 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of Merit Medical Systems by 5.6% in the 2nd quarter. Suntrust Banks Inc. now owns 7,847 shares of the medical instruments supplier’s stock worth $299,000 after buying an additional 414 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Merit Medical Systems by 1.7% in the 2nd quarter. Strs Ohio now owns 29,300 shares of the medical instruments supplier’s stock worth $1,117,000 after buying an additional 500 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

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A number of brokerages have recently issued reports on MMSI. Craig Hallum reissued a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of Merit Medical Systems in a report on Thursday, July 27th. Bank of America Corporation began coverage on Merit Medical Systems in a report on Thursday, July 20th. They issued a “buy” rating and a $44.00 target price for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $45.00 target price on shares of Merit Medical Systems in a report on Friday, July 28th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $44.00 target price on shares of Merit Medical Systems in a report on Monday, August 28th. Finally, UBS AG cut Merit Medical Systems from a “strong-buy” rating to an “outperform” rating in a report on Monday, August 28th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $41.65.

Merit Medical Systems, Inc. (MMSI) traded down 3.15% during midday trading on Wednesday, reaching $36.85. The company had a trading volume of 68,656 shares. Merit Medical Systems, Inc. has a 12 month low of $20.70 and a 12 month high of $45.50. The stock has a market cap of $1.85 billion, a P/E ratio of 52.49 and a beta of 1.25. The firm has a 50-day moving average of $41.90 and a 200-day moving average of $38.25.

Merit Medical Systems (NASDAQ:MMSI) last announced its quarterly earnings results on Wednesday, October 25th. The medical instruments supplier reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $179.30 million during the quarter, compared to the consensus estimate of $181.28 million. Merit Medical Systems had a net margin of 4.06% and a return on equity of 9.86%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. On average, equities analysts expect that Merit Medical Systems, Inc. will post $1.27 EPS for the current fiscal year.

In related news, Director A Scott Anderson sold 25,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.15, for a total value of $1,028,750.00. Following the completion of the sale, the director now directly owns 10,400 shares in the company, valued at $427,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director F. Ann Millner sold 3,106 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $41.01, for a total value of $127,377.06. Following the completion of the sale, the director now owns 6,750 shares of the company’s stock, valued at $276,817.50. The disclosure for this sale can be found here. Insiders have sold 38,106 shares of company stock valued at $1,577,834 over the last quarter. Company insiders own 5.00% of the company’s stock.

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

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