Vident Investment Advisory LLC grew its holdings in Owens & Minor, Inc. (NYSE:OMI) by 11.6% during the second quarter, Holdings Channel reports. The fund owned 136,873 shares of the company’s stock after purchasing an additional 14,214 shares during the period. Vident Investment Advisory LLC’s holdings in Owens & Minor were worth $2,288,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Owens & Minor by 22.9% during the 1st quarter. BlackRock Inc. now owns 8,198,893 shares of the company’s stock worth $127,492,000 after buying an additional 1,526,702 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Owens & Minor by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,375,905 shares of the company’s stock worth $68,045,000 after buying an additional 628,671 shares during the last quarter. Millennium Management LLC grew its stake in Owens & Minor by 1,161.3% during the 1st quarter. Millennium Management LLC now owns 378,401 shares of the company’s stock worth $5,884,000 after buying an additional 348,401 shares during the last quarter. Sio Capital Management LLC purchased a new position in Owens & Minor during the 1st quarter worth approximately $4,255,000. Finally, Principal Financial Group Inc. grew its stake in Owens & Minor by 74.0% during the 1st quarter. Principal Financial Group Inc. now owns 527,464 shares of the company’s stock worth $8,202,000 after buying an additional 224,251 shares during the last quarter. Institutional investors and hedge funds own 89.17% of the company’s stock.
In other Owens & Minor news, SVP Charles C. Colpo sold 12,000 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $16.31, for a total transaction of $195,720.00. Following the completion of the sale, the senior vice president now directly owns 31,944 shares of the company’s stock, valued at approximately $521,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charles C. Colpo sold 11,000 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $16.87, for a total value of $185,570.00. Following the sale, the senior vice president now directly owns 20,944 shares of the company’s stock, valued at $353,325.28. The disclosure for this sale can be found here. Insiders have sold a total of 31,516 shares of company stock valued at $513,288 over the last ninety days. 1.68% of the stock is owned by insiders.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.14). Owens & Minor had a positive return on equity of 9.47% and a negative net margin of 1.47%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. research analysts forecast that Owens & Minor, Inc. will post 1.44 EPS for the current year.
The business also recently disclosed 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 is Friday, September 14th. This represents a $1.04 dividend on an annualized basis and a yield of 6.38%. Owens & Minor’s payout ratio is 64.60%.
Separately, Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Five 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 presently has an average rating of “Hold” and a consensus price target of $20.50.
Owens & Minor Profile
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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