Merit Medical Systems, Inc. (NASDAQ:MMSI), watched an insider lower his exposure to the company. Chief Financial Advisor Kent W. Stranger disposed of 6,000 shares of common stock at an average price of $14.7604 per share. This is not his first move of this type, as he’s disposed of over 10,000 total shares since the beginning of this calendar year.
Following this transaction, Stranger now directly holds 702,836 shares in Merit Medical Systems, Inc. (NASDAQ:MMSI), the $646.04 million market cap corporation that designs, develops, manufactures and markets medical devices used in interventional and diagnostic procedures. The Company operates in the cardiology, radiology, pulmonology, thoracic surgery, nephrology, vascular surgery and gastroenterology markets.
In addition, Royce & Associates, the hedge fund run by Chuck Royce, has shown the most involvement with the company, as it now holds 1,809,406 shares worth about $25.8 million after reporting a 4% increase in it’s activity last quarter.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.