Owens & Minor, Inc. (NYSE:OMI)’s stock price was up 6.6% during mid-day trading on Tuesday . The company traded as high as $5.29 and last traded at $5.14, approximately 1,779,273 shares were traded during trading. An increase of 17% from the average daily volume of 1,517,709 shares. The stock had previously closed at $4.82.
A number of research analysts have recently issued reports on OMI shares. ValuEngine raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research cut Owens & Minor from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.13.
The company has a quick ratio of 0.84, a current ratio of 1.68 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $303.47 million, a P/E ratio of 4.47, a P/E/G ratio of 2.08 and a beta of 1.74. The firm has a 50 day moving average price of $3.19.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.002 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.01 annualized dividend and a dividend yield of 0.16%. Owens & Minor’s payout ratio is presently 0.87%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in shares of Owens & Minor by 66.9% in the second quarter. Bank of Montreal Can now owns 8,066 shares of the company’s stock worth $26,000 after purchasing an additional 3,233 shares during the last quarter. FMR LLC grew its stake in shares of Owens & Minor by 159,300.0% in the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after purchasing an additional 4,779 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Owens & Minor in the second quarter worth about $36,000. Stone Ridge Asset Management LLC purchased a new stake in Owens & Minor in the second quarter worth about $50,000. Finally, First Trust Advisors LP purchased a new stake in Owens & Minor in the first quarter worth about $56,000. 88.03% of the stock is currently owned by institutional investors.
About Owens & Minor (NYSE:OMI)
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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