Bessemer Group Inc. Boosts Stake in Owens & Minor, Inc. (NYSE:OMI)

Bessemer Group Inc. increased its position in Owens & Minor, Inc. (NYSE:OMI) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 69,037 shares of the company’s stock after buying an additional 3,800 shares during the period. Bessemer Group Inc.’s holdings in Owens & Minor were worth $2,222,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Meadow Creek Investment Management LLC raised its position in shares of 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. Creative Planning raised its position in shares of Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after buying an additional 113 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of 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. LS Investment Advisors LLC raised its position in shares of Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after buying an additional 727 shares during the period. Finally, Elkfork Partners LLC raised its position in shares of 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. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 28.53 on Thursday. The firm has a 50-day moving average of $31.48 and a 200 day moving average of $33.48. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 18.15 and a beta of 1.01. Owens & Minor, Inc. has a one year low of $28.13 and a one year high of $37.02.

Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities research analysts anticipate that Owens & Minor, Inc. will post $1.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, September 14th. Owens & Minor’s dividend payout ratio is presently 65.19%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2797860/bessemer-group-inc-boosts-stake-in-owens-minor-inc-nyseomi.html.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, August 4th. UBS AG reaffirmed a “sell” rating and set a $29.50 target price (down previously from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price (down previously from $36.00) on shares of Owens & Minor in a research report on Wednesday. Finally, BidaskClub lowered shares of Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Owens & Minor presently has an average rating of “Hold” and an average target price of $31.88.

In other Owens & Minor news, EVP Rony Camil Kordahi sold 2,231 shares of Owens & Minor stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total value of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares in the company, valued at $883,688.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Erika T. Davis sold 9,317 shares of Owens & Minor stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $32.26, for a total value 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 disclosure for this sale can be found here. Insiders own 1.68% of the company’s stock.

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).

Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc. (NYSE:OMI).

Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

Receive News & Ratings for Owens & Minor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.