Shares of Owens & Minor, Inc. (NYSE:OMI) hit a new 52-week low during trading on Wednesday . The stock traded as low as $4.38 and last traded at $4.52, with a volume of 1042133 shares changing hands. The stock had previously closed at $4.54.
Several analysts have recently commented on OMI shares. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Barclays reiterated a “sell” rating and set a $6.00 price objective on shares of Owens & Minor in a report on Sunday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price objective on shares of Owens & Minor in a report on Thursday, February 21st. ValuEngine upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Finally, UBS Group started coverage on Owens & Minor in a report on Thursday, January 17th. They set a “neutral” rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.20.
The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 3.18. The firm has a market cap of $284.41 million, a P/E ratio of 3.97, a price-to-earnings-growth ratio of 2.09 and a beta of 1.72.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.22%. Owens & Minor’s dividend payout ratio (DPR) is 0.87%.
Hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in Owens & Minor by 159,300.0% in the 4th quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after acquiring an additional 4,779 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in Owens & Minor in the 4th quarter worth $71,000. Campbell & CO Investment Adviser LLC purchased a new position in Owens & Minor in the 4th quarter worth $85,000. Magnus Financial Group LLC purchased a new position in Owens & Minor in the 4th quarter worth $80,000. Finally, Menta Capital LLC purchased a new position in Owens & Minor in the 4th quarter worth $85,000. Institutional investors own 94.96% of the company’s stock.
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Owens & Minor Company Profile (NYSE:OMI)
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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