Alliancebernstein L.P. Decreases Position in Omega Protein Corporation (NYSE:OME)
Alliancebernstein L.P. decreased its stake in shares of Omega Protein Corporation (NYSE:OME) by 17.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,100 shares of the company’s stock after selling 3,700 shares during the period. Alliancebernstein L.P.’s holdings in Omega Protein Corporation were worth $363,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Omega Protein Corporation by 6.7% in the fourth quarter. State Street Corp now owns 434,962 shares of the company’s stock valued at $10,898,000 after buying an additional 27,378 shares during the last quarter. Norges Bank acquired a new stake in shares of Omega Protein Corporation during the fourth quarter valued at approximately $3,675,000. Thomson Horstmann & Bryant Inc. acquired a new stake in shares of Omega Protein Corporation during the first quarter valued at approximately $8,688,000. Acadian Asset Management LLC acquired a new stake in shares of Omega Protein Corporation during the first quarter valued at approximately $2,848,000. Finally, First Quadrant L P CA boosted its stake in shares of Omega Protein Corporation by 1,844.3% in the first quarter. First Quadrant L P CA now owns 44,718 shares of the company’s stock valued at $897,000 after buying an additional 42,418 shares during the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.
Omega Protein Corporation (OME) traded up 0.95% during trading on Friday, hitting $16.00. 461,018 shares of the company traded hands. The company’s 50-day moving average is $16.60 and its 200 day moving average is $19.64. Omega Protein Corporation has a 52-week low of $14.50 and a 52-week high of $26.99. The firm has a market cap of $359.42 million, a price-to-earnings ratio of 11.20 and a beta of 0.21.
Omega Protein Corporation (NYSE:OME) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Omega Protein Corporation had a net margin of 8.95% and a return on equity of 10.46%. The firm had revenue of $93.90 million for the quarter, compared to analyst estimates of $87.44 million. During the same period last year, the firm posted $0.62 EPS. Omega Protein Corporation’s quarterly revenue was down 16.7% on a year-over-year basis. On average, equities analysts anticipate that Omega Protein Corporation will post $1.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. Omega Protein Corporation’s dividend payout ratio (DPR) is 14.08%.
OME has been the subject of several research reports. Zacks Investment Research upgraded shares of Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. ValuEngine cut shares of Omega Protein Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Pivotal Research decreased their target price on shares of Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, July 7th. Finally, BidaskClub cut shares of Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.50.
About Omega Protein Corporation
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
Want to see what other hedge funds are holding OME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Protein Corporation (NYSE:OME).
Receive News & Ratings for Omega Protein Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Protein Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.