Dean Capital Management Increases Position in Owens & Minor, Inc. (OMI)
Dean Capital Management lifted its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 100.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,465 shares of the company’s stock after acquiring an additional 66,485 shares during the quarter. Owens & Minor makes up approximately 2.1% of Dean Capital Management’s holdings, making the stock its 10th biggest position. Dean Capital Management owned about 0.22% of Owens & Minor worth $4,264,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Flinton Capital Management LLC grew its stake in shares of Owens & Minor by 62.7% during the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock valued at $126,000 after acquiring an additional 1,504 shares during the period. Creative Planning grew its stake in shares of Owens & Minor by 2.9% during the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after acquiring an additional 113 shares during the period. LS Investment Advisors LLC grew its stake in shares of Owens & Minor by 17.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after acquiring an additional 727 shares during the period. Legg Mason Asset Management Japan Co. Ltd. bought a new position in shares of Owens & Minor during the 2nd quarter valued at approximately $171,000. Finally, North Star Investment Management Corp. grew its stake in shares of Owens & Minor by 121.0% during the 2nd quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock valued at $182,000 after acquiring an additional 3,103 shares during the period. Institutional investors own 97.77% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective (down from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS AG reiterated a “sell” rating and set a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded Owens & Minor from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of $31.10.
Owens & Minor, Inc. (NYSE OMI) traded up 0.0869% on Thursday, reaching $28.1144. The company had a trading volume of 340,579 shares. The stock has a market capitalization of $1.72 billion, a P/E ratio of 17.8845 and a beta of 1.03. Owens & Minor, Inc. has a 1-year low of $26.91 and a 1-year high of $37.02. The stock’s 50 day moving average is $28.48 and its 200-day moving average is $31.17.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company earned $0.52 earnings per share. Owens & Minor’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts predict that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, September 14th. Owens & Minor’s payout ratio is currently 65.19%.
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About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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