Owens & Minor Target of Unusually Large Options Trading (OMI)

Owens & Minor, Inc. (NYSE:OMI) was the target of some unusual options trading activity on Thursday. Stock traders purchased 856 call options on the stock. This represents an increase of approximately 1,178% compared to the average volume of 67 call options.

In related news, SVP Charles C. Colpo sold 11,000 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $16.87, for a total value of $185,570.00. Following the sale, the senior vice president now owns 20,944 shares in the company, valued at approximately $353,325.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Geoff Taylor Marlatt sold 8,516 shares of the company’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 sale, the senior vice president now owns 34,359 shares in the company, valued at approximately $532,564.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,516 shares of company stock worth $513,288. 2.04% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Owens & Minor by 22.9% during 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. Dimensional Fund Advisors LP lifted its stake in shares of Owens & Minor by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,375,905 shares of the company’s stock valued at $68,045,000 after buying an additional 628,671 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Owens & Minor by 1,161.3% during the 1st quarter. Millennium Management LLC now owns 378,401 shares of the company’s stock valued at $5,884,000 after buying an additional 348,401 shares in the last quarter. Sio Capital Management LLC purchased a new stake in shares of Owens & Minor during the 1st quarter valued at approximately $4,255,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Owens & Minor by 74.0% during the 1st quarter. Principal Financial Group Inc. now owns 527,464 shares of the company’s stock valued at $8,202,000 after buying an additional 224,251 shares in the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.

OMI stock traded up $0.27 during trading on Friday, reaching $16.55. The stock had a trading volume of 948,025 shares, compared to its average volume of 1,065,434. Owens & Minor has a one year low of $14.07 and a one year high of $29.57. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.53 and a beta of 1.02. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.91 and a current ratio of 1.77.

Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, August 7th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.14). Owens & Minor had a negative net margin of 1.47% and a positive return on equity of 9.47%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. On average, sell-side analysts forecast that Owens & Minor will post 1.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Friday, September 14th. Owens & Minor’s dividend payout ratio is currently 64.60%.

Separately, Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Owens & Minor has a consensus rating of “Hold” and a consensus price target of $20.50.

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.

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