36,247 Shares in Owens & Minor, Inc. (NYSE:OMI) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Owens & Minor, Inc. (NYSE:OMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 36,247 shares of the company’s stock, valued at approximately $699,000.

Several other institutional investors have also modified their holdings of the business. First Eagle Investment Management LLC lifted its stake in Owens & Minor by 39.7% in the fourth quarter. First Eagle Investment Management LLC now owns 241,534 shares of the company’s stock worth $4,654,000 after acquiring an additional 68,596 shares during the last quarter. Invesco Ltd. lifted its position in shares of Owens & Minor by 12.0% during the 3rd quarter. Invesco Ltd. now owns 1,081,460 shares of the company’s stock worth $17,476,000 after purchasing an additional 115,995 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Owens & Minor by 106.4% during the third quarter. Gotham Asset Management LLC now owns 33,578 shares of the company’s stock worth $543,000 after purchasing an additional 17,310 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Owens & Minor by 95.1% in the third quarter. Qube Research & Technologies Ltd now owns 200,739 shares of the company’s stock valued at $3,244,000 after buying an additional 97,847 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new stake in Owens & Minor in the third quarter valued at $1,899,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor Price Performance

Shares of NYSE OMI opened at $17.29 on Friday. The stock has a fifty day moving average price of $23.59 and a 200 day moving average price of $21.76. Owens & Minor, Inc. has a 1-year low of $13.64 and a 1-year high of $28.35. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The company has a market cap of $1.32 billion, a PE ratio of -33.90, a P/E/G ratio of 0.57 and a beta of 0.52.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. Owens & Minor’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts forecast that Owens & Minor, Inc. will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price objective on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet upgraded Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. UBS Group lowered their target price on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 29th. Finally, Citigroup upped their price target on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.29.

Insider Activity at Owens & Minor

In other news, EVP Heath H. Galloway sold 2,031 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the sale, the executive vice president now owns 56,898 shares of the company’s stock, valued at approximately $1,148,201.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the transaction, the executive vice president now owns 56,898 shares of the company’s stock, valued at approximately $1,148,201.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The disclosure for this sale can be found here. Insiders sold 17,031 shares of company stock worth $415,186 over the last 90 days. Company insiders own 3.59% of the company’s stock.

Owens & Minor Profile

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.