Dimensional Fund Advisors LP grew its holdings in Owens & Minor, Inc. (NYSE:OMI) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,393,374 shares of the company’s stock after purchasing an additional 17,469 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Owens & Minor worth $73,415,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of OMI. M&T Bank Corp acquired a new stake in shares of Owens & Minor in the first quarter valued at approximately $158,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Owens & Minor in the first quarter valued at approximately $164,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Owens & Minor in the first quarter valued at approximately $171,000. Bayesian Capital Management LP acquired a new stake in shares of Owens & Minor in the first quarter valued at approximately $181,000. Finally, Profund Advisors LLC acquired a new stake in shares of Owens & Minor in the first quarter valued at approximately $186,000. Institutional investors own 89.17% of the company’s stock.
In related news, SVP Geoff Taylor Marlatt sold 8,516 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $15.50, for a total value of $131,998.00. Following the completion of the transaction, the senior vice president now directly owns 34,359 shares of the company’s stock, valued at $532,564.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Charles C. Colpo sold 11,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.87, for a total transaction of $185,570.00. Following the completion of the transaction, the senior vice president now directly owns 20,944 shares of the company’s stock, valued at $353,325.28. The disclosure for this sale can be found here. Insiders sold 31,516 shares of company stock valued at $513,288 over the last three months. 1.68% of the stock is owned by company insiders.
NYSE:OMI opened at $17.06 on Tuesday. Owens & Minor, Inc. has a 1-year low of $14.07 and a 1-year high of $29.85. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.77 and a quick ratio of 0.91. The firm has a market capitalization of $1.13 billion, a P/E ratio of 10.60, a PEG ratio of 1.68 and a beta of 1.03.
Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, August 7th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.14). Owens & Minor had a negative net margin of 1.47% and a positive return on equity of 9.47%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. sell-side analysts anticipate that Owens & Minor, Inc. will post 1.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.10%. Owens & Minor’s dividend payout ratio is presently 64.60%.
Separately, Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.50.
About Owens & Minor
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
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