Rockefeller Financial Services Inc. Has $33.75 Million Stake in Merit Medical Systems, Inc. (MMSI)

Rockefeller Financial Services Inc. grew its position in Merit Medical Systems, Inc. (NASDAQ:MMSI) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 781,227 shares of the medical instruments supplier’s stock after purchasing an additional 34,175 shares during the quarter. Rockefeller Financial Services Inc.’s holdings in Merit Medical Systems were worth $33,749,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MMSI. Ameritas Investment Partners Inc. boosted its stake in shares of Merit Medical Systems by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,272 shares of the medical instruments supplier’s stock valued at $163,000 after purchasing an additional 738 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Merit Medical Systems in the 3rd quarter valued at $189,000. Flinton Capital Management LLC boosted its stake in shares of Merit Medical Systems by 67.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,236 shares of the medical instruments supplier’s stock valued at $200,000 after purchasing an additional 2,108 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of Merit Medical Systems in the 3rd quarter valued at $226,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Merit Medical Systems in the 3rd quarter valued at $230,000. 88.03% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on MMSI shares. Zacks Investment Research raised shares of Merit Medical Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Saturday, October 28th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $51.00 price objective (up from $46.00) on shares of Merit Medical Systems in a research note on Thursday, November 30th. SunTrust Banks set a $47.00 price objective on shares of Merit Medical Systems and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub lowered shares of Merit Medical Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, ValuEngine raised shares of Merit Medical Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.77.

In related news, Director Franklin J. Miller sold 10,000 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $43.93, for a total transaction of $439,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kent W. Stanger sold 2,918 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.55, for a total transaction of $129,996.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock worth $1,416,379. 5.00% of the stock is owned by insiders.

Merit Medical Systems, Inc. (MMSI) opened at $45.00 on Friday. The stock has a market cap of $2,314.17, a price-to-earnings ratio of 73.77, a P/E/G ratio of 2.74 and a beta of 1.29. Merit Medical Systems, Inc. has a 12 month low of $25.85 and a 12 month high of $48.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.78.

COPYRIGHT VIOLATION NOTICE: This story was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.com-unik.info/2018/02/03/rockefeller-financial-services-inc-has-33-75-million-stake-in-merit-medical-systems-inc-mmsi.html.

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.

Want to see what other hedge funds are holding MMSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merit Medical Systems, Inc. (NASDAQ:MMSI).

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

Receive News & Ratings for Merit Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merit Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit