Chicago Equity Partners LLC grew its stake in Owens & Minor, Inc. (NYSE:OMI) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,230 shares of the company’s stock after purchasing an additional 7,275 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.16% of Owens & Minor worth $1,817,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gilman Hill Asset Management LLC acquired a new position in Owens & Minor during the fourth quarter worth about $3,558,000. Foundry Partners LLC boosted its holdings in Owens & Minor by 3.3% in the 4th quarter. Foundry Partners LLC now owns 348,874 shares of the company’s stock valued at $6,587,000 after purchasing an additional 11,059 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Owens & Minor by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 134,397 shares of the company’s stock valued at $2,537,000 after purchasing an additional 14,694 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in Owens & Minor in the 4th quarter valued at about $644,000. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in Owens & Minor by 50.3% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 443,814 shares of the company’s stock valued at $8,379,000 after purchasing an additional 148,552 shares during the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.
Owens & Minor, Inc. (NYSE OMI) traded up $1.02 during midday trading on Wednesday, reaching $15.96. 256,785 shares of the company’s stock traded hands, compared to its average volume of 1,485,340. Owens & Minor, Inc. has a 12 month low of $14.26 and a 12 month high of $36.73. The company has a quick ratio of 0.95, a current ratio of 1.77 and a debt-to-equity ratio of 0.91. The firm has a market cap of $961.62, a PE ratio of 8.92, a PEG ratio of 1.48 and a beta of 0.92.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.26 dividend. This is a boost from Owens & Minor’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.52%. Owens & Minor’s dividend payout ratio is presently 80.47%.
Several research firms have weighed in on OMI. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.00 target price on shares of Owens & Minor in a report on Tuesday, December 19th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target (down from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Leerink Swann reissued a “market perform” rating and issued a $23.00 price target (down from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Owens & Minor currently has a consensus rating of “Sell” and a consensus target price of $26.50.
COPYRIGHT VIOLATION WARNING: “Chicago Equity Partners LLC Acquires 7,275 Shares of Owens & Minor, Inc. (OMI)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/14/owens-minor-inc-omi-stake-lifted-by-chicago-equity-partners-llc.html.
Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.