WBI Investments Inc. Buys 10,531 Shares of Owens & Minor, Inc. (OMI)

WBI Investments Inc. increased its stake in Owens & Minor, Inc. (NYSE:OMI) by 45.6% during the second quarter, HoldingsChannel.com reports. The firm owned 33,650 shares of the company’s stock after purchasing an additional 10,531 shares during the quarter. WBI Investments Inc.’s holdings in Owens & Minor were worth $562,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of Owens & Minor by 264.5% in the fourth quarter. Renaissance Technologies LLC now owns 93,850 shares of the company’s stock valued at $1,772,000 after buying an additional 68,100 shares during the last quarter. FDx Advisors Inc. bought a new stake in Owens & Minor during the 1st quarter worth about $525,000. Rhumbline Advisers raised its holdings in Owens & Minor by 26.0% during the 1st quarter. Rhumbline Advisers now owns 193,215 shares of the company’s stock worth $3,004,000 after purchasing an additional 39,900 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Owens & Minor during the 1st quarter worth about $1,067,000. Finally, Alps Advisors Inc. raised its holdings in Owens & Minor by 76.0% during the 1st quarter. Alps Advisors Inc. now owns 43,424 shares of the company’s stock worth $675,000 after purchasing an additional 18,755 shares during the last quarter. 87.59% of the stock is currently owned by institutional investors.

OMI has been the subject of several recent research reports. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. ValuEngine cut Owens & Minor from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. 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 stock has a consensus rating of “Hold” and an average target price of $20.50.

In other news, SVP Geoff Taylor Marlatt sold 8,516 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $15.50, for a total transaction of $131,998.00. Following the completion of the transaction, the senior vice president now directly owns 34,359 shares in the company, valued at approximately $532,564.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Charles C. Colpo sold 12,000 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $16.31, for a total value of $195,720.00. Following the transaction, the senior vice president now owns 31,944 shares of the company’s stock, valued at $521,006.64. The disclosure for this sale can be found here. 2.04% of the stock is currently owned by insiders.

Shares of NYSE:OMI opened at $16.66 on Monday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.53 and a beta of 1.09. Owens & Minor, Inc. has a 1-year low of $14.07 and a 1-year high of $29.85. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.77 and a quick ratio of 0.91.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.14). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. Owens & Minor had a positive return on equity of 9.47% and a negative net margin of 1.47%. sell-side analysts expect that Owens & Minor, Inc. will post 1.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.04 annualized dividend and a yield of 6.24%. Owens & Minor’s dividend payout ratio is currently 64.60%.

Owens & Minor Company 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.

Further Reading: Outstanding Shares

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

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