Wedge Capital Management L L P NC boosted its position in shares of Owens & Minor Inc. (NYSE:OMI) by 974.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 147,300 shares of the company’s stock after buying an additional 133,592 shares during the period. Wedge Capital Management L L P NC’s holdings in Owens & Minor were worth $871,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. 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 worth $155,000 after buying an additional 1,650 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Owens & Minor during the first quarter worth approximately $208,000. Parametrica Management Ltd purchased a new stake in shares of Owens & Minor during the second quarter worth approximately $297,000. First Quadrant L P CA purchased a new stake in shares of Owens & Minor during the second quarter worth approximately $325,000. Finally, Cardinal Capital Management boosted its stake in shares of Owens & Minor by 6.6% in the second quarter. Cardinal Capital Management now owns 9,328 shares of the company’s stock worth $349,000 after buying an additional 575 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Owens & Minor Inc. (NYSE:OMI) traded down 0.24% during trading on Wednesday, hitting $33.21. 375,500 shares of the stock were exchanged. The stock has a market cap of $2.07 billion, a P/E ratio of 18.54 and a beta of 0.88. The stock has a 50 day moving average of $33.98 and a 200-day moving average of $36.02. Owens & Minor Inc. has a 52 week low of $32.47 and a 52 week high of $41.48.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The company earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Owens & Minor Inc. will post $2.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, September 13th. Owens & Minor’s payout ratio is presently 56.67%.
A number of analysts have commented on OMI shares. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Bank of America Corp. started coverage on shares of Owens & Minor in a research report on Monday, September 12th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.60.
In related news, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction on Friday, August 5th. The shares were sold at an average price of $35.42, for a total value of $265,650.00. Following the transaction, the director now owns 104,482 shares in the company, valued at approximately $3,700,752.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total transaction 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 disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate 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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