Alps Advisors Inc. lowered its position in Owens & Minor, Inc. (NYSE:OMI) by 43.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,669 shares of the company’s stock after selling 18,755 shares during the period. Alps Advisors Inc.’s holdings in Owens & Minor were worth $466,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. M&T Bank Corp bought a new position in Owens & Minor during the first quarter worth about $158,000. Silvercrest Asset Management Group LLC bought a new position in Owens & Minor during the first quarter worth about $164,000. Xact Kapitalforvaltning AB bought a new position in Owens & Minor during the first quarter worth about $171,000. Bayesian Capital Management LP bought a new position in Owens & Minor during the first quarter worth about $181,000. Finally, Court Place Advisors LLC bought a new position in Owens & Minor during the first quarter worth about $182,000. Institutional investors own 89.30% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. ValuEngine lowered shares of Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $20.50.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.14). Owens & Minor had a negative net margin of 1.47% and a positive return on equity of 9.47%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. equities research analysts predict that Owens & Minor, Inc. will post 1.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.04 annualized dividend and a yield of 6.97%. Owens & Minor’s payout ratio is presently 64.60%.
About Owens & Minor
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
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