Owens & Minor, Inc. (OMI) Position Increased by Vident Investment Advisory LLC
Vident Investment Advisory LLC increased its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,652 shares of the company’s stock after buying an additional 3,328 shares during the period. Vident Investment Advisory LLC owned 0.14% of Owens & Minor worth $2,530,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in Owens & Minor by 141.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 18,184 shares of the company’s stock valued at $531,000 after purchasing an additional 10,653 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in Owens & Minor during the 3rd quarter valued at $899,000. Dean Capital Management raised its stake in Owens & Minor by 100.8% during the 2nd quarter. Dean Capital Management now owns 132,465 shares of the company’s stock valued at $4,264,000 after purchasing an additional 66,485 shares during the last quarter. Cipher Capital LP raised its stake in Owens & Minor by 27.5% during the 2nd quarter. Cipher Capital LP now owns 164,224 shares of the company’s stock valued at $5,287,000 after purchasing an additional 35,378 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Owens & Minor during the 2nd quarter valued at $596,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Shares of Owens & Minor, Inc. (OMI) traded up $0.62 during mid-day trading on Tuesday, hitting $19.35. 1,174,700 shares of the stock were exchanged, compared to its average volume of 835,261. Owens & Minor, Inc. has a 52 week low of $17.75 and a 52 week high of $37.02. The firm has a market cap of $1,147.20, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The company has a current ratio of 1.77, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.10). Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. research analysts forecast that Owens & Minor, Inc. will post 1.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, December 14th. Owens & Minor’s payout ratio is 80.47%.
OMI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Leerink Swann reiterated a “market perform” rating and set a $23.00 target price (down from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 target price (down from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Finally, Robert W. Baird reiterated a “hold” rating and set a $28.00 target price on shares of Owens & Minor in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Owens & Minor has an average rating of “Hold” and an average target price of $27.25.
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Owens & Minor Profile
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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