Karp Capital Management Corp Takes Position in Owens & Minor, Inc. (OMI)

Karp Capital Management Corp Takes Position in Owens & Minor, Inc. (OMI)

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Owens & Minor during the fourth quarter worth $27,982,000. Mackenzie Financial Corp raised its position in Owens & Minor by 72.1% in the third quarter. Mackenzie Financial Corp now owns 819,509 shares of the company’s stock worth $28,462,000 after buying an additional 343,364 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Owens & Minor during the fourth quarter worth $11,994,000. Two Sigma Investments LP raised its position in Owens & Minor by 120.4% in the fourth quarter. Two Sigma Investments LP now owns 317,756 shares of the company’s stock worth $11,214,000 after buying an additional 173,563 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Owens & Minor by 39.6% in the first quarter. Advisors Asset Management Inc. now owns 593,513 shares of the company’s stock worth $20,536,000 after buying an additional 168,363 shares during the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

Karp Capital Management Corp acquired a new position in shares of Owens & Minor, Inc. (NYSE:OMI) during the first quarter, Holdings Channel reports. The firm acquired 77,436 shares of the company’s stock, valued at approximately $2,679,000.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 31.78 on Tuesday. Owens & Minor, Inc. has a 52-week low of $30.43 and a 52-week high of $38.47. The firm has a market capitalization of $1.94 billion, a PE ratio of 18.89 and a beta of 0.97. The stock’s 50 day moving average price is $33.26 and its 200-day moving average price is $34.64.

Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, May 2nd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.33 billion during the quarter. Owens & Minor had a net margin of 1.16% and a return on equity of 13.08%. Equities research analysts anticipate that Owens & Minor, Inc. will post $1.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.2575 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.03 annualized dividend and a yield of 3.23%. Owens & Minor’s dividend payout ratio is currently 55.74%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet cut Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Jefferies Group LLC set a $36.00 target price on Owens & Minor and gave the company a “hold” rating in a research report on Thursday, March 16th.

In related news, EVP Rony Camil Kordahi sold 2,231 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $32.07, for a total transaction of $71,548.17. Following the completion of the transaction, the executive vice president now directly owns 27,555 shares of the company’s stock, valued at $883,688.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig R. Smith sold 20,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $33.79, for a total transaction of $675,800.00. Following the transaction, the director now directly owns 25,753 shares of the company’s stock, valued at $870,193.87. The disclosure for this sale can be found here. Insiders have sold 32,848 shares of company stock valued at $1,089,762 over the last three months. 1.72% of the stock is currently owned by corporate insiders.

About Owens & Minor

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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