First Manhattan Co. maintained its position in shares of Omega Protein Corporation (NYSE:OME) during the second quarter, Holdings Channel reports. The firm owned 33,500 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Omega Protein Corporation were worth $599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Omega Protein Corporation by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 180,254 shares of the company’s stock valued at $3,614,000 after buying an additional 4,596 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Omega Protein Corporation by 5.6% in the first quarter. Wedge Capital Management L L P NC now owns 46,700 shares of the company’s stock valued at $936,000 after buying an additional 2,481 shares during the period. Heartland Advisors Inc. bought a new position in shares of Omega Protein Corporation during the first quarter valued at approximately $2,903,000. Bowling Portfolio Management LLC raised its position in shares of Omega Protein Corporation by 25.0% in the first quarter. Bowling Portfolio Management LLC now owns 32,245 shares of the company’s stock valued at $647,000 after buying an additional 6,452 shares during the period. Finally, Eidelman Virant Capital bought a new position in shares of Omega Protein Corporation during the first quarter valued at approximately $913,000. Institutional investors and hedge funds own 84.01% of the company’s stock.

Omega Protein Corporation (OME) opened at 16.50 on Tuesday. The firm has a 50-day moving average of $16.90 and a 200 day moving average of $20.02. Omega Protein Corporation has a one year low of $15.75 and a one year high of $26.99. The company has a market capitalization of $370.66 million, a price-to-earnings ratio of 11.55 and a beta of 0.21.

Omega Protein Corporation (NYSE:OME) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $93.90 million during the quarter, compared to the consensus estimate of $87.44 million. Omega Protein Corporation had a return on equity of 10.46% and a net margin of 8.95%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. Equities research analysts predict that Omega Protein Corporation will post $1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.21%. Omega Protein Corporation’s payout ratio is currently 14.08%.

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Several brokerages have commented on OME. Zacks Investment Research upgraded shares of Omega Protein Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Omega Protein Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Pivotal Research decreased their price objective on shares of Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating for the company in a report on Friday, July 7th. Finally, BidaskClub lowered shares of Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.50.

About Omega Protein Corporation

Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).

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Institutional Ownership by Quarter for Omega Protein Corporation (NYSE:OME)

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