California Public Employees Retirement System boosted its stake in shares of Omega Protein Corporation (NYSE:OME) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 55,800 shares of the company’s stock after buying an additional 1,100 shares during the period. California Public Employees Retirement System’s holdings in Omega Protein Corporation were worth $1,119,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of OME. Teachers Advisors LLC increased its position in Omega Protein Corporation by 1.5% in the first quarter. Teachers Advisors LLC now owns 69,183 shares of the company’s stock worth $1,387,000 after buying an additional 1,040 shares during the period. Systematic Financial Management LP bought a new position in Omega Protein Corporation during the first quarter worth about $1,242,000. FMR LLC bought a new position in Omega Protein Corporation during the first quarter worth about $3,064,000. ClariVest Asset Management LLC increased its position in Omega Protein Corporation by 19.0% in the first quarter. ClariVest Asset Management LLC now owns 233,510 shares of the company’s stock worth $4,681,000 after buying an additional 37,280 shares during the period. Finally, American International Group Inc. increased its position in Omega Protein Corporation by 7.1% in the first quarter. American International Group Inc. now owns 13,469 shares of the company’s stock worth $270,000 after buying an additional 892 shares during the period. Institutional investors own 84.01% of the company’s stock.

Omega Protein Corporation (NYSE:OME) traded down 0.32% during trading on Friday, reaching $15.80. The company’s stock had a trading volume of 146,904 shares. The firm has a market cap of $354.93 million, a PE ratio of 11.06 and a beta of 0.21. The company has a 50-day moving average of $16.63 and a 200 day moving average of $19.70. Omega Protein Corporation has a one year low of $14.50 and a one year high of $26.99.

Omega Protein Corporation (NYSE:OME) last announced its earnings results on Wednesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $93.90 million during the quarter, compared to the consensus estimate of $87.44 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Analysts expect that Omega Protein Corporation will post $1.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 23rd. Omega Protein Corporation’s dividend payout ratio is 14.08%.

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A number of research firms have issued reports on OME. BidaskClub downgraded Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Pivotal Research cut their price target on 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. ValuEngine downgraded Omega Protein Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Omega Protein Corporation has a consensus rating of “Hold” and an average target price of $21.50.

Omega Protein Corporation Company Profile

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).

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Institutional Ownership by Quarter for Omega Protein Corporation (NYSE:OME)

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