Omega Protein Corporation (NYSE:OME) Stake Lowered by SG Americas Securities LLC
SG Americas Securities LLC lowered its stake in Omega Protein Corporation (NYSE:OME) by 25.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,092 shares of the company’s stock after selling 2,752 shares during the period. SG Americas Securities LLC’s holdings in Omega Protein Corporation were worth $162,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC increased its stake in Omega Protein Corporation by 25.0% in the first quarter. Bowling Portfolio Management LLC now owns 32,245 shares of the company’s stock valued at $647,000 after buying an additional 6,452 shares during the period. Strs Ohio increased its stake in Omega Protein Corporation by 18.2% in the first quarter. Strs Ohio now owns 35,000 shares of the company’s stock valued at $701,000 after buying an additional 5,400 shares during the period. Federated Investors Inc. PA increased its stake in Omega Protein Corporation by 98.6% in the fourth quarter. Federated Investors Inc. PA now owns 33,379 shares of the company’s stock valued at $836,000 after buying an additional 16,573 shares during the period. Teton Advisors Inc. purchased a new stake in Omega Protein Corporation during the first quarter valued at about $876,000. Finally, First Quadrant L P CA increased its stake in Omega Protein Corporation by 1,844.3% in the first quarter. First Quadrant L P CA now owns 44,718 shares of the company’s stock valued at $897,000 after buying an additional 42,418 shares during the period. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Omega Protein Corporation (NYSE OME) traded down 1.48% during midday trading on Friday, hitting $16.60. 445,378 shares of the company were exchanged. The stock’s 50-day moving average is $16.90 and its 200-day moving average is $20.02. The stock has a market cap of $372.90 million, a PE ratio of 11.62 and a beta of 0.21. Omega Protein Corporation has a one year low of $15.75 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $87.44 million. Omega Protein Corporation had a net margin of 8.95% and a return on equity of 10.55%. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Equities research analysts anticipate that Omega Protein Corporation will post $1.11 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, August 23rd. Omega Protein Corporation’s dividend payout ratio (DPR) is currently 14.08%.
Several equities research analysts have recently weighed in on OME shares. Zacks Investment Research raised shares of Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. BidaskClub downgraded shares of Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. ValuEngine downgraded shares of Omega Protein Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pivotal Research dropped their target price on shares of Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Omega Protein Corporation presently has a consensus rating of “Hold” and a consensus price target of $23.75.
About Omega Protein Corporation
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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