Acadian Asset Management LLC reduced its stake in shares of Omega Protein Corporation (NYSE:OME) by 70.1% during the second quarter, Holdings Channel reports. The fund owned 42,478 shares of the company’s stock after selling 99,494 shares during the period. Acadian Asset Management LLC’s holdings in Omega Protein Corporation were worth $760,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. American International Group Inc. boosted its position in shares of Omega Protein Corporation by 7.1% in the first quarter. American International Group Inc. now owns 13,469 shares of the company’s stock valued at $270,000 after buying an additional 892 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Omega Protein Corporation by 1.5% in the first quarter. Teachers Advisors LLC now owns 69,183 shares of the company’s stock valued at $1,387,000 after buying an additional 1,040 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Omega Protein Corporation by 2.0% in the first quarter. California Public Employees Retirement System now owns 55,800 shares of the company’s stock valued at $1,119,000 after buying an additional 1,100 shares during the last quarter. Wedge Capital Management L L P NC boosted 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 last quarter. Finally, Shufro Rose & Co. LLC boosted its position in shares of Omega Protein Corporation by 7.0% in the first quarter. Shufro Rose & Co. LLC now owns 46,100 shares of the company’s stock valued at $924,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

Omega Protein Corporation (NYSE:OME) traded up 0.95% during midday trading on Friday, reaching $16.00. The company had a trading volume of 461,018 shares. The firm has a market capitalization of $359.42 million, a PE ratio of 11.20 and a beta of 0.21. The firm’s 50-day moving average price is $16.60 and its 200 day moving average price is $19.64. Omega Protein Corporation has a 12 month low of $14.50 and a 12 month high of $26.99.

Omega Protein Corporation (NYSE:OME) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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%. Omega Protein Corporation’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Equities analysts anticipate that Omega Protein Corporation will post $1.07 earnings per share for the current fiscal year.

The firm also recently declared 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. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, August 23rd. Omega Protein Corporation’s dividend payout ratio is currently 14.08%.

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

Omega Protein Corporation Company Profile

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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