Chicago Capital Management LLC Acquires 8,319 Shares of MainSource Financial Group Inc. (MSFG)

Chicago Capital Management LLC boosted its position in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 1,673.8% in the first quarter, Holdings Channel reports. The fund owned 8,816 shares of the financial services provider’s stock after purchasing an additional 8,319 shares during the quarter. MainSource Financial Group makes up 0.1% of Chicago Capital Management LLC’s portfolio, making the stock its 21st largest position. Chicago Capital Management LLC’s holdings in MainSource Financial Group were worth $359,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in MainSource Financial Group by 197.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,508 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 2,329 shares during the last quarter. Wolverine Asset Management LLC lifted its position in MainSource Financial Group by 158.8% during the fourth quarter. Wolverine Asset Management LLC now owns 4,614 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 2,831 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in MainSource Financial Group during the fourth quarter valued at approximately $202,000. Aperio Group LLC purchased a new stake in MainSource Financial Group during the fourth quarter valued at approximately $203,000. Finally, Suntrust Banks Inc. purchased a new stake in MainSource Financial Group during the fourth quarter valued at approximately $211,000. 58.53% of the stock is owned by institutional investors.

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

MSFG has been the subject of a number of analyst reports. Zacks Investment Research cut shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. BidaskClub raised shares of MainSource Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st.

MainSource Financial Group 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.

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

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