Silver Oak Securities Incorporated Acquires Shares of 11,110 Owens & Minor, Inc. (NYSE:OMI)

Silver Oak Securities Incorporated acquired a new stake in shares of Owens & Minor, Inc. (NYSE:OMI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,110 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently made changes to their positions in OMI. SG Americas Securities LLC bought a new stake in shares of Owens & Minor in the 3rd quarter worth approximately $600,000. Bailard Inc. bought a new position in Owens & Minor in the 3rd quarter valued at approximately $223,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Owens & Minor by 33.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,049 shares of the company’s stock valued at $276,000 after acquiring an additional 4,304 shares in the last quarter. Mackenzie Financial Corp lifted its position in Owens & Minor by 15.2% in the 3rd quarter. Mackenzie Financial Corp now owns 20,584 shares of the company’s stock valued at $315,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Strs Ohio lifted its position in Owens & Minor by 10.4% in the 3rd quarter. Strs Ohio now owns 45,800 shares of the company’s stock valued at $740,000 after acquiring an additional 4,300 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Owens & Minor Trading Down 3.1 %

Shares of Owens & Minor stock opened at $23.98 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average of $25.39 and a 200 day moving average of $21.33. Owens & Minor, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $28.35.

Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. Owens & Minor’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Owens & Minor, Inc. will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Michael Wayne Lowry sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OMI. UBS Group lowered their price objective on Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 29th. StockNews.com upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Citigroup boosted their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird boosted their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Barclays boosted their target price on shares of Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.86.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.