Paloma Partners Management Co raised its position in Owens & Minor (NYSE:OMI) by 540.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,932 shares of the company’s stock after purchasing an additional 70,825 shares during the quarter. Paloma Partners Management Co owned 0.14% of Owens & Minor worth $1,585,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in shares of Owens & Minor by 5.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 53,241 shares of the company’s stock valued at $1,005,000 after buying an additional 2,654 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Owens & Minor by 42.9% during the third quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock valued at $274,000 after purchasing an additional 2,816 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Owens & Minor by 1.0% during the third quarter. Principal Financial Group Inc. now owns 320,415 shares of the company’s stock worth $9,356,000 after buying an additional 3,048 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Owens & Minor by 30.1% during the third quarter. Janney Montgomery Scott LLC now owns 13,821 shares of the company’s stock worth $404,000 after buying an additional 3,196 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its holdings in shares of Owens & Minor by 8.5% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 41,618 shares of the company’s stock worth $1,215,000 after buying an additional 3,250 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Owens & Minor from a “strong sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Barclays initiated coverage on shares of Owens & Minor in a research report on Thursday, March 8th. They set an “underweight” rating and a $16.00 price objective on the stock. Bank of America assumed coverage on shares of Owens & Minor in a research report on Tuesday, February 27th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase lowered their target price on shares of Owens & Minor from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Thursday, February 15th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.28.
OMI traded down $0.01 on Friday, hitting $15.84. The company’s stock had a trading volume of 504,890 shares, compared to its average volume of 1,399,147. The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Owens & Minor has a 12 month low of $14.26 and a 12 month high of $34.97. The company has a market cap of $975.03, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Owens & Minor had a net margin of 0.78% and a return on equity of 9.63%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. research analysts forecast that Owens & Minor will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio (DPR) is presently 64.60%.
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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).
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