Merchants Bancorp Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:MBIN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
21 Nov 24	BuyUS$105,867	Michael Dury	Individual	2,700	US$39.21
27 Aug 24	SellUS$999,747	Michael Petrie	Individual	22,050	US$45.34
05 Aug 24	BuyUS$201,293	Michael Dury	Individual	5,200	US$39.11
31 Jul 24	BuyUS$268,944	Michael Dury	Individual	6,000	US$45.04

Insider Trading Volume

Insider Buying: MBIN insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of MBIN?
Owner Type	Number of Shares	Ownership Percentage
General Public	13,156,111	28.7%
Institutions	15,125,618	33.1%
Individual Insiders	17,482,294	38.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.

Top Shareholders

Top 25 shareholders own 59.87% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
29.8%	Michael Petrie	13,626,251	US$559.9m	-0.17%	no data
7.04%	Randall Rogers	3,223,025	US$132.4m	0%	no data
3.37%	BlackRock, Inc.	1,544,253	US$63.5m	6.74%	no data
2.72%	The Vanguard Group, Inc.	1,243,078	US$51.1m	3.53%	no data
2.48%	Dimensional Fund Advisors LP	1,134,268	US$46.6m	10.9%	0.01%
1.32%	Basswood Capital Management, L.L.C.	601,954	US$24.7m	-5.45%	1.11%
1.24%	Geode Capital Management, LLC	566,520	US$23.3m	3.03%	no data
1.07%	Royce & Associates, LP	490,189	US$20.1m	143%	0.15%
1.01%	Invesco Ltd.	463,087	US$19.0m	8,970%	no data
0.98%	State Street Global Advisors, Inc.	448,525	US$18.4m	4.72%	no data
0.93%	American Century Investment Management Inc	426,023	US$17.5m	15.1%	0.01%
0.86%	Morgan Stanley, Investment Banking and Brokerage Investments	394,226	US$16.2m	64.1%	no data
0.85%	1st & Main Growth Partners	389,615	US$16.0m	3.31%	1.52%
0.74%	Goldman Sachs Asset Management, L.P.	337,130	US$13.9m	172%	no data
0.72%	Boston Partners Global Investors, Inc.	327,849	US$13.5m	242%	0.01%
0.58%	Federated Hermes, Inc.	266,418	US$10.9m	-4.14%	0.03%
0.51%	Charles Schwab Investment Management, Inc.	233,482	US$9.6m	-8.82%	no data
0.5%	Marshall Wace LLP	230,454	US$9.5m	-36.9%	0.01%
0.48%	Valeo Financial Advisors, LLC	218,537	US$9.0m	-7.18%	0.22%
0.48%	Citadel Advisors LLC	217,671	US$8.9m	-24.3%	0.01%
0.47%	Hotchkis and Wiley Capital Management, LLC	214,480	US$8.8m	-4.45%	0.02%
0.46%	SEI Investments Company	209,921	US$8.6m	2,350%	0.01%
0.45%	Royal Bank of Canada, Banking & Securities Investments	207,403	US$8.5m	12,800%	no data
0.43%	City National Bank, Asset Management Arm	195,361	US$8.0m	0%	0.01%
0.41%	PL Capital Advisors, LLC	188,294	US$7.7m	0%	2.32%