Capstone Asset Management Co. Acquires 330 Shares of Owens & Minor, Inc. (NYSE:OMI)
Capstone Asset Management Co. raised its position in Owens & Minor, Inc. (NYSE:OMI) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,860 shares of the company’s stock after buying an additional 330 shares during the period. Capstone Asset Management Co.’s holdings in Owens & Minor were worth $382,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Meadow Creek Investment Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock worth $114,000 after buying an additional 616 shares during the period. Glen Harbor Capital Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock worth $145,000 after buying an additional 784 shares during the period. Elkfork Partners LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Elkfork Partners LLC now owns 5,100 shares of the company’s stock worth $176,000 after buying an additional 952 shares during the period. Stifel Financial Corp acquired a new stake in Owens & Minor during the first quarter worth $202,000. Finally, Invictus RG increased its stake in Owens & Minor by 35.8% in the first quarter. Invictus RG now owns 6,221 shares of the company’s stock worth $215,000 after buying an additional 1,641 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.
Owens & Minor, Inc. (OMI) traded up 1.29% during midday trading on Tuesday, hitting $29.01. 230,537 shares of the company were exchanged. The firm’s 50-day moving average price is $31.96 and its 200-day moving average price is $33.76. Owens & Minor, Inc. has a one year low of $28.52 and a one year high of $37.02. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.45 and a beta of 1.01.
Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.52 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. Equities research analysts anticipate that Owens & Minor, Inc. will post $1.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 annualized dividend and a yield of 3.60%. Owens & Minor’s payout ratio is 65.19%.
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OMI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday. TheStreet downgraded shares of Owens & Minor from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price target on shares of Owens & Minor in a research note on Friday, April 21st. BidaskClub raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, UBS AG reissued a “sell” rating and set a $29.50 price target (down from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.88.
In other Owens & Minor news, SVP Erika T. Davis sold 9,317 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $32.26, for a total transaction of $300,566.42. Following the completion of the transaction, the senior vice president now owns 63,979 shares in the company, valued at approximately $2,063,962.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rony Camil Kordahi sold 2,231 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total transaction of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares of the company’s stock, valued at approximately $883,688.85. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by company insiders.
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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