MainSource Financial Group Inc. (MSFG) Shares Bought by Chicago Capital Management LLC

Chicago Capital Management LLC grew its stake in MainSource Financial Group Inc. (NASDAQ:MSFG) by 1,673.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,816 shares of the financial services provider’s stock after acquiring an additional 8,319 shares during the period. MainSource Financial Group accounts for 0.1% of Chicago Capital Management LLC’s holdings, making the stock its 21st biggest holding. Chicago Capital Management LLC’s holdings in MainSource Financial Group were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its stake in MainSource Financial Group by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,712,947 shares of the financial services provider’s stock worth $62,200,000 after acquiring an additional 43,094 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of MainSource Financial Group by 16.4% during the fourth quarter. Macquarie Group Ltd. now owns 684,076 shares of the financial services provider’s stock valued at $24,839,000 after purchasing an additional 96,400 shares in the last quarter. Hilton Capital Management LLC boosted its stake in shares of MainSource Financial Group by 11.8% during the fourth quarter. Hilton Capital Management LLC now owns 515,432 shares of the financial services provider’s stock valued at $18,715,000 after purchasing an additional 54,221 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of MainSource Financial Group by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 402,500 shares of the financial services provider’s stock valued at $14,615,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Water Island Capital LLC boosted its stake in shares of MainSource Financial Group by 112.6% during the fourth quarter. Water Island Capital LLC now owns 291,458 shares of the financial services provider’s stock valued at $10,583,000 after purchasing an additional 154,366 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

NASDAQ MSFG opened at $40.65 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.92 and a current ratio of 0.92. MainSource Financial Group Inc. has a 52-week low of $31.26 and a 52-week high of $41.07. The company has a market cap of $1.04 billion, a PE ratio of 19.17 and a beta of 0.88.

A number of research firms have recently issued reports on MSFG. BidaskClub upgraded shares of MainSource Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th.

MainSource Financial Group Company Profile

MainSource Financial Group, Inc is a bank holding company. The Company operates a banking subsidiary, MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements.

Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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