First Trust Advisors LP Purchases 101,880 Shares of Owens & Minor Inc. (OMI)
First Trust Advisors LP boosted its stake in Owens & Minor Inc. (NYSE:OMI) by 31.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 425,574 shares of the company’s stock after buying an additional 101,880 shares during the period. First Trust Advisors LP owned approximately 0.68% of Owens & Minor worth $14,780,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Bruderman Asset Management LLC boosted its stake in shares of Owens & Minor by 58.5% in the second quarter. Bruderman Asset Management LLC now owns 3,788 shares of the company’s stock valued at $142,000 after buying an additional 1,398 shares during the period. SevenBridge Financial Group LLC purchased a new stake in shares of Owens & Minor during the second quarter valued at about $144,000. LS Investment Advisors LLC boosted its stake in shares of Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock valued at $155,000 after buying an additional 1,650 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Owens & Minor by 54.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,800 shares of the company’s stock valued at $179,000 after buying an additional 1,700 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Owens & Minor during the second quarter valued at about $224,000. 93.85% of the stock is currently owned by institutional investors and hedge funds.
Owens & Minor Inc. (NYSE:OMI) traded up 0.015% during trading on Monday, hitting $34.385. The stock had a trading volume of 520,452 shares. The company has a market cap of $2.11 billion, a PE ratio of 18.790 and a beta of 0.99. The company’s 50 day moving average is $33.05 and its 200-day moving average is $35.01. Owens & Minor Inc. has a 12 month low of $30.43 and a 12 month high of $41.48.
Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, November 1st. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $2.42 billion for 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 business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, equities research analysts predict that Owens & Minor Inc. will post $2.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.90 annualized dividend and a dividend yield of 2.62%. Owens & Minor’s dividend payout ratio (DPR) is presently 55.74%.
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Several analysts have recently issued reports on OMI shares. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Bank of America Corp. began coverage on Owens & Minor in a research report on Monday, September 12th. They set a “neutral” rating on the stock. 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 an average target price of $35.60.
In other news, SVP Erika T. Davis sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total value of $99,499.00. Following the transaction, the senior vice president now owns 61,867 shares in the company, valued at $2,122,656.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.
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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