Home Hedge Funds Does Merit Medical Systems (MMSI) Have Prospects for Continued Outperformance?

Does Merit Medical Systems (MMSI) Have Prospects for Continued Outperformance?


Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 4.69% (net) compared to a 4.72% return for the Russell 2500 Growth Index. Positive factors during the quarter helped the fund’s performance. An emphasis on quality was beneficial for the fund in the upmarket. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Meridian Growth Fund highlighted stocks like Merit Medical Systems, Inc. (NASDAQ:MMSI) in the Q4 2022 investor letter. Headquartered in South Jordan, Utah, Merit Medical Systems, Inc. (NASDAQ:MMSI) develops, manufactures and markets single-use medical products. On March 16, 2023, Merit Medical Systems, Inc. (NASDAQ:MMSI) stock closed at $70.96 per share. One-month return of Merit Medical Systems, Inc. (NASDAQ:MMSI) was 1.41%, and its shares gained 9.78% of their value over the last 52 weeks. Merit Medical Systems, Inc. (NASDAQ:MMSI) has a market capitalization of $4.067 billion.

Meridian Growth Fund made the following comment about Merit Medical Systems, Inc. (NASDAQ:MMSI) in its Q4 2022 investor letter:

Merit Medical Systems, Inc. (NASDAQ:MMSI), designs, develops, manufactures, and markets single-use medical products on a global basis for thousands of purposes ranging from surgical procedures to biopsies. Long focused almost exclusively on revenue growth, the company is now more focused on improving margins, returns and cash flow as part of its three-year strategic plan it rolled out in 2021. Impressively, the company is executing ahead of plan and is on track to achieve its revised financial targets, yet top-line performance remains strong, as evidenced by broad-based 10.5% organic revenue growth in its most recent quarter. Given the prospects for continued outperformance, we maintained our stake in the company.”

Doctor Specialties with Best Lifestyle

Doctor Specialties with Best Lifestyle

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Merit Medical Systems, Inc. (NASDAQ:MMSI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Merit Medical Systems, Inc. (NASDAQ:MMSI) at the end of the fourth quarter which was 18 in the previous quarter.

We discussed Merit Medical Systems, Inc. (NASDAQ:MMSI) in another article and shared the list of stocks to invest in according to Kenneth Squire’s 13D Management based on Q3 holdings of the fund. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.


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Disclosure: None. This article is originally published at Insider Monkey.

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