Insider Selling: OM Asset Management PLC (OMAM) Director Sells $127,348.00 in Stock
OM Asset Management PLC (NYSE:OMAM) Director James Joseph Ritchie sold 7,900 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.12, for a total value of $127,348.00. Following the sale, the director now owns 18,372 shares in the company, valued at approximately $296,156.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of OM Asset Management PLC (OMAM) opened at $16.73 on Monday. The company has a market capitalization of $1,835.62, a P/E ratio of 11.01, a P/E/G ratio of 0.78 and a beta of 1.76. OM Asset Management PLC has a 52-week low of $13.20 and a 52-week high of $16.92. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.65 and a quick ratio of 1.65.
OM Asset Management (NYSE:OMAM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $228.20 million for the quarter, compared to analyst estimates of $220.50 million. OM Asset Management had a return on equity of 114.45% and a net margin of 9.49%. OM Asset Management’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. equities analysts expect that OM Asset Management PLC will post 1.58 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its holdings in OM Asset Management by 35.2% in the third quarter. GSA Capital Partners LLP now owns 136,606 shares of the asset manager’s stock valued at $2,038,000 after acquiring an additional 35,557 shares during the period. Sterling Capital Management LLC acquired a new position in OM Asset Management in the third quarter valued at approximately $1,730,000. Janney Montgomery Scott LLC acquired a new position in OM Asset Management in the third quarter valued at approximately $702,000. Mangrove Partners lifted its holdings in OM Asset Management by 19.2% in the third quarter. Mangrove Partners now owns 872,883 shares of the asset manager’s stock valued at $13,023,000 after acquiring an additional 140,704 shares during the period. Finally, Crestline Management LP lifted its holdings in OM Asset Management by 66.7% in the third quarter. Crestline Management LP now owns 99,216 shares of the asset manager’s stock valued at $1,480,000 after acquiring an additional 39,683 shares during the period. 64.97% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.50 target price on shares of OM Asset Management in a research report on Tuesday, September 5th. ValuEngine lowered OM Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub upgraded OM Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered OM Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.42.
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About OM Asset Management
OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.
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