Swiss National Bank decreased its position in shares of Omega Protein Corp. (NYSE:OME) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,900 shares of the company’s stock after selling 3,400 shares during the period. Swiss National Bank owned 0.14% of Omega Protein Corp. worth $638,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of OME. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Omega Protein Corp. by 62.6% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 54,140 shares of the company’s stock worth $1,082,000 after buying an additional 20,836 shares in the last quarter. New Amsterdam Partners LLC NY purchased a new stake in shares of Omega Protein Corp. during the second quarter valued at $2,822,000. Capital Fund Management S.A. purchased a new stake in shares of Omega Protein Corp. during the second quarter valued at $458,000. American Century Companies Inc. boosted its stake in shares of Omega Protein Corp. by 1.9% in the second quarter. American Century Companies Inc. now owns 262,954 shares of the company’s stock valued at $5,256,000 after buying an additional 4,923 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Omega Protein Corp. by 6.8% in the second quarter. Strs Ohio now owns 35,900 shares of the company’s stock valued at $717,000 after buying an additional 2,300 shares in the last quarter. 86.85% of the stock is owned by institutional investors.
Omega Protein Corp. (NYSE:OME) traded up 0.94% during trading on Wednesday, hitting $23.53. The stock had a trading volume of 27,062 shares. The company has a 50-day moving average of $24.49 and a 200 day moving average of $21.09. Omega Protein Corp. has a 52 week low of $14.58 and a 52 week high of $26.00. The company has a market cap of $524.84 million, a price-to-earnings ratio of 19.30 and a beta of 0.62.
Omega Protein Corp. (NYSE:OME) last posted its earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm earned $112.65 million during the quarter, compared to the consensus estimate of $99.12 million. Omega Protein Corp. had a return on equity of 14.70% and a net margin of 7.03%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. On average, equities research analysts anticipate that Omega Protein Corp. will post $2.03 EPS for the current year.
Several analysts have weighed in on OME shares. Zacks Investment Research raised Omega Protein Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Thursday, July 28th. Wunderlich cut Omega Protein Corp. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $22.00 to $26.00 in a report on Friday, August 5th. Pivotal Research boosted their target price on Omega Protein Corp. from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, DA Davidson boosted their target price on Omega Protein Corp. from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Omega Protein Corp. currently has a consensus rating of “Hold” and an average price target of $25.65.
In other news, CFO Andrew Johannesen sold 17,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $25.70, for a total transaction of $436,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,418 shares in the company, valued at $1,527,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Edward Griffin sold 75,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $25.12, for a total value of $1,884,000.00. Following the transaction, the insider now owns 149,891 shares of the company’s stock, valued at $3,765,261.92. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
About Omega Protein Corp.
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products across the world. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists primarily of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
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