Inspire Advisors LLC Has $201,000 Stake in Owens & Minor, Inc. (NYSE:OMI)

Inspire Advisors LLC boosted its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,350 shares of the company’s stock after buying an additional 1,548 shares during the period. Inspire Advisors LLC’s holdings in Owens & Minor were worth $201,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock worth $57,000 after buying an additional 1,600 shares in the last quarter. KBC Group NV grew its stake in Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after buying an additional 2,197 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Owens & Minor by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 137,199 shares of the company’s stock worth $2,153,000 after buying an additional 2,883 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Owens & Minor by 16.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 26,302 shares of the company’s stock worth $344,000 after buying an additional 3,688 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Owens & Minor by 6.5% during the third quarter. Franklin Resources Inc. now owns 61,223 shares of the company’s stock worth $961,000 after buying an additional 3,743 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OMI shares. Robert W. Baird raised their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. UBS Group reduced their price target on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.75.

Owens & Minor Stock Down 1.0 %

Owens & Minor stock opened at $9.45 on Thursday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. Owens & Minor, Inc. has a 52-week low of $6.07 and a 52-week high of $28.35. The firm has a 50 day moving average price of $11.00 and a two-hundred day moving average price of $12.90. The firm has a market cap of $729.60 million, a price-to-earnings ratio of -14.53, a PEG ratio of 0.20 and a beta of 0.61.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Friday, February 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the business earned $0.69 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor announced that its board has authorized a stock repurchase plan on Friday, February 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L acquired 1,738,511 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $9.39 per share, for a total transaction of $16,324,618.29. Following the purchase, the insider now directly owns 9,469,698 shares of the company’s stock, valued at $88,920,464.22. The trade was a 22.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.59% of the stock is currently owned by company insiders.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.