Owens & Minor Inc. (OMI) Shares Bought by Systematic Financial Management LP
Systematic Financial Management LP increased its stake in shares of Owens & Minor Inc. (NYSE:OMI) by 17.2% during the second quarter, Holdings Channel reports. The firm owned 49,110 shares of the company’s stock after buying an additional 7,225 shares during the period. Systematic Financial Management LP owned about 0.08% of Owens & Minor worth $1,835,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Owens & Minor by 1.5% in the second quarter. Acadian Asset Management LLC now owns 2,306,888 shares of the company’s stock valued at $86,233,000 after buying an additional 33,087 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Owens & Minor by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,286 shares of the company’s stock valued at $75,233,000 after buying an additional 26,687 shares during the period. Victory Capital Management Inc. increased its stake in Owens & Minor by 40.1% in the second quarter. Victory Capital Management Inc. now owns 1,385,787 shares of the company’s stock valued at $51,800,000 after buying an additional 396,635 shares during the period. Hennessy Advisors Inc. increased its stake in Owens & Minor by 2.3% in the second quarter. Hennessy Advisors Inc. now owns 1,133,600 shares of the company’s stock valued at $42,374,000 after buying an additional 25,500 shares during the period. Finally, Norges Bank bought a new stake in Owens & Minor during the fourth quarter valued at $34,271,000. 96.91% of the stock is owned by hedge funds and other institutional investors.
Owens & Minor Inc. (NYSE:OMI) traded down 0.33% during midday trading on Wednesday, hitting $33.53. 142,094 shares of the stock traded hands. Owens & Minor Inc. has a 52 week low of $31.89 and a 52 week high of $41.48. The stock’s 50-day moving average price is $34.18 and its 200-day moving average price is $36.86. The stock has a market capitalization of $2.09 billion, a P/E ratio of 18.72 and a beta of 0.84.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. Owens & Minor’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. Equities research analysts expect that Owens & Minor Inc. will post $0.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.255 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 3.03%. Owens & Minor’s dividend payout ratio is currently 56.67%.
OMI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Bank of America Corp. assumed coverage on shares of Owens & Minor in a research report on Monday, September 12th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.60.
In other Owens & Minor news, Director Craig R. Smith sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $35.42, for a total transaction of $265,650.00. Following the completion of the sale, the director now directly owns 104,482 shares in the company, valued at approximately $3,700,752.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the sale, the senior vice president now owns 61,867 shares of the company’s stock, valued at $2,122,656.77. The disclosure for this sale can be found here. Company insiders own 1.72% of the company’s stock.
About Owens & Minor
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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