Omega Protein Corporation (NYSE:OME) shares saw unusually-high trading volume on Friday . Approximately 6,311,592 shares were traded during trading, an increase of 2,892% from the previous session’s volume of 210,954 shares.The stock last traded at $22.05 and had previously closed at $16.60.

OME has been the topic of several recent analyst reports. ValuEngine raised Omega Protein Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Pivotal Research reduced their target price on Omega Protein Corporation from $18.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, July 7th. Finally, BidaskClub lowered Omega Protein Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th.

The stock’s 50-day moving average is $16.19 and its 200 day moving average is $17.60. The firm has a market cap of $495.33 million, a P/E ratio of 15.43 and a beta of 0.28.

Omega Protein Corporation (NYSE:OME) last posted its earnings results on Wednesday, August 2nd. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.08. Omega Protein Corporation had a return on equity of 10.46% and a net margin of 8.95%. The business had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $87.44 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts predict that Omega Protein Corporation will post $1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, August 23rd. Omega Protein Corporation’s dividend payout ratio (DPR) is currently 14.08%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its position in shares of Omega Protein Corporation by 35.9% during the first quarter. Tudor Investment Corp ET AL now owns 58,429 shares of the company’s stock worth $1,172,000 after purchasing an additional 15,446 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Omega Protein Corporation during the second quarter worth about $732,000. Prudential Financial Inc. increased its position in shares of Omega Protein Corporation by 289.9% during the first quarter. Prudential Financial Inc. now owns 87,720 shares of the company’s stock worth $1,759,000 after purchasing an additional 65,220 shares in the last quarter. American International Group Inc. increased its position in shares of Omega Protein Corporation by 7.1% during the first quarter. American International Group Inc. now owns 13,469 shares of the company’s stock worth $270,000 after purchasing an additional 892 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Omega Protein Corporation by 83.2% during the first quarter. KCG Holdings Inc. now owns 15,339 shares of the company’s stock worth $308,000 after purchasing an additional 6,964 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

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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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