Schwab Charles Investment Management Inc. Has $10.97 Million Position in Merit Medical Systems, Inc. (MMSI)
Schwab Charles Investment Management Inc. increased its stake in shares of Merit Medical Systems, Inc. (NASDAQ:MMSI) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,868 shares of the medical instruments supplier’s stock after purchasing an additional 17,999 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Merit Medical Systems were worth $10,968,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Merit Medical Systems by 9.9% during the second quarter. State Street Corp now owns 1,339,547 shares of the medical instruments supplier’s stock worth $51,105,000 after purchasing an additional 120,759 shares during the period. Eagle Asset Management Inc. grew its stake in Merit Medical Systems by 2.0% in the third quarter. Eagle Asset Management Inc. now owns 605,511 shares of the medical instruments supplier’s stock valued at $26,703,000 after acquiring an additional 11,779 shares during the period. Russell Investments Group Ltd. grew its stake in Merit Medical Systems by 52.9% in the third quarter. Russell Investments Group Ltd. now owns 549,237 shares of the medical instruments supplier’s stock valued at $23,261,000 after acquiring an additional 190,042 shares during the period. Hodges Capital Management Inc. acquired a new position in Merit Medical Systems in the third quarter valued at about $14,253,000. Finally, Wells Fargo & Company MN grew its stake in Merit Medical Systems by 189.2% in the third quarter. Wells Fargo & Company MN now owns 324,487 shares of the medical instruments supplier’s stock valued at $13,742,000 after acquiring an additional 212,304 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.
In other news, Director Franklin J. Miller sold 10,000 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $43.93, for a total transaction of $439,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kent W. Stanger sold 9,082 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $44.90, for a total value of $407,781.80. The disclosure for this sale can be found here. Insiders have sold 29,082 shares of company stock valued at $1,286,382 over the last ninety days. 5.00% of the stock is owned by insiders.
Merit Medical Systems, Inc. (NASDAQ MMSI) opened at $44.80 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2,307.25, a PE ratio of 35.58, a PEG ratio of 2.43 and a beta of 1.28. Merit Medical Systems, Inc. has a 52-week low of $27.65 and a 52-week high of $49.50.
Merit Medical Systems (NASDAQ:MMSI) last posted its quarterly earnings data on Wednesday, February 28th. The medical instruments supplier reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $187.62 million. Merit Medical Systems had a return on equity of 9.65% and a net margin of 3.78%. Merit Medical Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. research analysts anticipate that Merit Medical Systems, Inc. will post 1.63 EPS for the current fiscal year.
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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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