Owens & Minor (NYSE:OMI) Downgraded by ValuEngine to Hold
OMI has been the topic of a number of other research reports. Zacks Investment Research downgraded Owens & Minor from a buy rating to a hold rating in a research report on Saturday, August 10th. Bank of America raised their price objective on Owens & Minor from $4.00 to $7.50 and gave the company a neutral rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of Hold and an average price target of $6.63.
Shares of OMI traded up $0.10 during midday trading on Thursday, reaching $5.65. 12,999 shares of the stock were exchanged, compared to its average volume of 1,879,849. Owens & Minor has a 52 week low of $2.43 and a 52 week high of $17.37. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60. The company’s 50 day moving average is $5.09 and its two-hundred day moving average is $3.94. The company has a market capitalization of $367.05 million, a P/E ratio of 4.91, a PEG ratio of 2.60 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Friday, September 13th. Owens & Minor’s payout ratio is currently 0.87%.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Owens & Minor by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,997,973 shares of the company’s stock valued at $31,637,000 after buying an additional 19,174 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Owens & Minor by 61.3% in the first quarter. BNP Paribas Arbitrage SA now owns 24,564 shares of the company’s stock valued at $101,000 after buying an additional 9,333 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Owens & Minor in the first quarter valued at about $93,000. Acadian Asset Management LLC raised its stake in Owens & Minor by 199.5% in the first quarter. Acadian Asset Management LLC now owns 228,012 shares of the company’s stock valued at $935,000 after buying an additional 151,886 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Owens & Minor by 16.3% in the first quarter. Royce & Associates LP now owns 1,355,786 shares of the company’s stock valued at $5,559,000 after buying an additional 190,000 shares during the last quarter. 85.80% of the stock is currently owned by institutional investors.
Owens & Minor Company Profile
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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