Owens & Minor Inc. (OMI) Position Maintained by Boston Advisors LLC
Boston Advisors LLC held its stake in Owens & Minor Inc. (NYSE:OMI) during the second quarter, Holdings Channel reports. The firm owned 13,245 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Owens & Minor were worth $495,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in OMI. LS Investment Advisors LLC boosted its position in Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock valued at $155,000 after buying an additional 1,650 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Owens & Minor during the first quarter valued at approximately $208,000. Parametrica Management Ltd bought a new position in Owens & Minor during the second quarter valued at approximately $297,000. First Quadrant L P CA bought a new position in Owens & Minor during the second quarter valued at approximately $325,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Owens & Minor during the first quarter valued at approximately $429,000. 96.91% of the stock is currently owned by institutional investors and hedge funds.
Owens & Minor Inc. (NYSE:OMI) traded down 0.41% during trading on Wednesday, hitting $33.68. 959,958 shares of the stock traded hands. The firm’s 50-day moving average is $34.07 and its 200 day moving average is $36.45. Owens & Minor Inc. has a 52 week low of $32.47 and a 52 week high of $41.48. The stock has a market cap of $2.10 billion, a P/E ratio of 18.81 and a beta of 0.88.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Owens & Minor Inc. will post $0.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.255 per share. The ex-dividend date was 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 topic of several research analyst reports. Bank of America Corp. initiated coverage on shares of Owens & Minor in a research note on Monday, September 12th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Owens & Minor presently has a consensus rating of “Hold” and an average price target of $36.60.
In other Owens & Minor news, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction on 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 in the company, valued at $2,122,656.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction on Friday, August 5th. The stock was sold at an average price of $35.42, for a total transaction of $265,650.00. Following the sale, the director now owns 104,482 shares in the company, valued at approximately $3,700,752.44. 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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