Magnetar Financial LLC Invests $21.68 Million in MidWestOne Financial Group, Inc. $MOFG

Magnetar Financial LLC acquired a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 563,016 shares of the financial services provider’s stock, valued at approximately $21,676,000. Magnetar Financial LLC owned 2.73% of MidWestOne Financial Group as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MOFG. Glazer Capital LLC acquired a new stake in shares of MidWestOne Financial Group during the 4th quarter worth approximately $9,621,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of MidWestOne Financial Group during the 4th quarter worth approximately $6,841,000. ABC Arbitrage SA acquired a new stake in shares of MidWestOne Financial Group during the 4th quarter worth approximately $6,406,000. Wellington Management Group LLP grew its position in shares of MidWestOne Financial Group by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider’s stock worth $38,320,000 after buying an additional 139,033 shares during the period. Finally, Millennium Management LLC grew its position in shares of MidWestOne Financial Group by 187.6% during the 3rd quarter. Millennium Management LLC now owns 197,522 shares of the financial services provider’s stock worth $5,588,000 after buying an additional 128,845 shares during the period. Institutional investors and hedge funds own 65.42% of the company’s stock.

MidWestOne Financial Group Stock Performance

Shares of MOFG stock opened at $49.31 on Wednesday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 52 week low of $25.75 and a 52 week high of $49.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $49.31 and a 200-day moving average of $46.50.

MidWestOne Financial Group Company Profile

MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.

Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.