WBI Investments Inc. Buys Shares of 23,119 Owens & Minor, Inc. (OMI)

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WBI Investments Inc. acquired a new stake in Owens & Minor, Inc. (NYSE:OMI) in the first quarter, HoldingsChannel reports. The institutional investor acquired 23,119 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Owens & Minor by 22.9% in the 1st quarter. BlackRock Inc. now owns 8,198,893 shares of the company’s stock valued at $127,492,000 after buying an additional 1,526,702 shares in the last quarter. LSV Asset Management increased its position in shares of Owens & Minor by 0.3% in the 1st quarter. LSV Asset Management now owns 1,961,888 shares of the company’s stock valued at $30,507,000 after buying an additional 5,800 shares in the last quarter. First Trust Advisors LP increased its position in shares of Owens & Minor by 66.1% in the 4th quarter. First Trust Advisors LP now owns 1,455,743 shares of the company’s stock valued at $27,484,000 after buying an additional 579,070 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of Owens & Minor by 627.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,451,863 shares of the company’s stock valued at $27,412,000 after buying an additional 1,252,348 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Owens & Minor by 21.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,335,977 shares of the company’s stock valued at $25,223,000 after buying an additional 239,877 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

A number of analysts recently commented on OMI shares. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. ValuEngine cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Owens & Minor from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Thursday, February 15th. Bank of America started coverage on shares of Owens & Minor in a research report on Tuesday, February 27th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Barclays started coverage on shares of Owens & Minor in a research report on Thursday, March 8th. They issued an “underweight” rating and a $16.00 price objective for the company. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.28.

Owens & Minor opened at $16.36 on Friday, Marketbeat Ratings reports. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.65 and a quick ratio of 0.88. Owens & Minor, Inc. has a 1 year low of $14.26 and a 1 year high of $32.76.

Owens & Minor (NYSE:OMI) last released its earnings results on Thursday, May 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.39 billion. Owens & Minor had a return on equity of 9.65% and a net margin of 0.66%. Owens & Minor’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. sell-side analysts forecast that Owens & Minor, Inc. will post 2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Thursday, June 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 64.60%.

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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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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