Foundry Partners LLC Has $7,765,000 Position in Owens & Minor Inc. (OMI)
Foundry Partners LLC increased its position in shares of Owens & Minor Inc. (NYSE:OMI) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,579 shares of the company’s stock after buying an additional 9,210 shares during the period. Foundry Partners LLC owned about 0.36% of Owens & Minor worth $7,765,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Owens & Minor by 8.9% in the second quarter. Vanguard Group Inc. now owns 6,606,293 shares of the company’s stock valued at $246,943,000 after buying an additional 540,012 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Owens & Minor during the second quarter valued at approximately $17,798,000. CWM LLC acquired a new position in shares of Owens & Minor during the second quarter valued at approximately $16,578,000. Emerald Acquisition Ltd. acquired a new position in shares of Owens & Minor during the second quarter valued at approximately $15,173,000. Finally, Victory Capital Management Inc. increased its position in shares of Owens & Minor by 40.1% in the second quarter. Victory Capital Management Inc. now owns 1,385,787 shares of the company’s stock valued at $51,800,000 after buying an additional 396,635 shares during the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
Shares of Owens & Minor Inc. (NYSE:OMI) opened at 33.78 on Friday. Owens & Minor Inc. has a 12-month low of $30.43 and a 12-month high of $41.48. The company has a market capitalization of $2.08 billion, a PE ratio of 18.46 and a beta of 0.99. The stock’s 50 day moving average price is $33.24 and its 200 day moving average price is $35.16.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company earned $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities research analysts forecast that Owens & Minor Inc. will post $2.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.66%. Owens & Minor’s payout ratio is 55.74%.
OMI has been the subject of several research analyst reports. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Bank of America Corp. initiated coverage on Owens & Minor in a research note on Monday, September 12th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.60.
In other Owens & Minor news, SVP Erika T. Davis sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total value of $99,499.00. Following the completion of the transaction, the senior vice president now owns 61,867 shares in the company, valued at approximately $2,122,656.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.72% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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