Cardinal Capital Management raised its stake in shares of Owens & Minor Inc. (NYSE:OMI) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 9,328 shares of the company’s stock after buying an additional 575 shares during the period. Cardinal Capital Management’s holdings in Owens & Minor were worth $349,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC boosted its stake 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 period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Owens & Minor during the first quarter worth about $208,000. Parametrica Management Ltd purchased a new stake in shares of Owens & Minor during the second quarter worth about $297,000. First Quadrant L P CA purchased a new stake in shares of Owens & Minor during the second quarter worth about $325,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Owens & Minor during the first quarter worth about $429,000. Institutional investors own 96.91% of the company’s stock.
Owens & Minor Inc. (NYSE:OMI) traded down 0.41% during trading on Wednesday, reaching $33.68. The company had a trading volume of 959,958 shares. Owens & Minor Inc. has a 12 month low of $32.47 and a 12 month high of $41.48. The stock has a 50 day moving average of $34.07 and a 200-day moving average of $36.47. The company has a market capitalization of $2.10 billion, a P/E ratio of 18.81 and a beta of 0.88.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Owens & Minor had a return on equity of 13.28% and a net margin of 1.13%. The business earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Owens & Minor’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Owens & Minor Inc. will post $0.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, September 13th. Owens & Minor’s dividend payout ratio is currently 56.67%.
A number of analysts have recently issued reports on OMI shares. Bank of America Corp. started coverage on Owens & Minor in a report on Monday, September 12th. They set a “neutral” rating for the company. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.60.
In related news, Director Craig R. Smith sold 7,500 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $35.42, for a total value of $265,650.00. Following the completion of the sale, the director now directly owns 104,482 shares of the company’s stock, valued at approximately $3,700,752.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Erika T. Davis sold 2,900 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total value of $99,499.00. Following the completion of the sale, the senior vice president now directly owns 61,867 shares of the company’s stock, valued at $2,122,656.77. The disclosure for this sale can be found here. 1.72% of the stock is owned by corporate insiders.
Owens & Minor Company Profile
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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