Perceptive Advisors LLC Buys New Holdings in Merit Medical Systems, Inc. (MMSI)

Perceptive Advisors LLC bought a new stake in Merit Medical Systems, Inc. (NASDAQ:MMSI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 100,000 shares of the medical instruments supplier’s stock, valued at approximately $4,235,000. Perceptive Advisors LLC owned approximately 0.20% of Merit Medical Systems as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MMSI. Janus Henderson Group PLC boosted its holdings in shares of Merit Medical Systems by 922.3% in the second quarter. Janus Henderson Group PLC now owns 1,533,513 shares of the medical instruments supplier’s stock valued at $58,504,000 after acquiring an additional 1,383,513 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Merit Medical Systems by 24.8% in the second quarter. Frontier Capital Management Co. LLC now owns 2,737,303 shares of the medical instruments supplier’s stock valued at $104,428,000 after purchasing an additional 543,580 shares during the period. Hodges Capital Management Inc. acquired a new stake in shares of Merit Medical Systems in the third quarter valued at about $14,253,000. Koch Industries Inc. acquired a new stake in shares of Merit Medical Systems in the second quarter valued at about $286,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of Merit Medical Systems in the third quarter valued at about $11,543,000. 90.89% of the stock is currently owned by institutional investors and hedge funds.

Merit Medical Systems, Inc. (NASDAQ:MMSI) opened at $43.30 on Monday. The company has a current ratio of 2.78, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2,173.62, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.93 and a beta of 1.23. Merit Medical Systems, Inc. has a 52-week low of $24.23 and a 52-week high of $45.50.

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

Several brokerages recently commented on MMSI. ValuEngine cut shares of Merit Medical Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut shares of Merit Medical Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Canaccord Genuity reiterated a “buy” rating and issued a $45.00 price objective on shares of Merit Medical Systems in a research note on Sunday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $44.00 price objective on shares of Merit Medical Systems in a research note on Monday, August 28th. Finally, UBS cut shares of Merit Medical Systems from a “strong-buy” rating to an “outperform” rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Merit Medical Systems has an average rating of “Buy” and an average target price of $43.77.

In other Merit Medical Systems news, Director Kent W. Stanger sold 670 shares of Merit Medical Systems stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $42.06, for a total transaction of $28,180.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.00% of the company’s stock.

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

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