Hexagon Capital Partners LLC Purchases 1,451 Shares of Owens & Minor, Inc. (NYSE:OMI)

Hexagon Capital Partners LLC increased its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 1,240.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,568 shares of the company’s stock after purchasing an additional 1,451 shares during the period. Hexagon Capital Partners LLC’s holdings in Owens & Minor were worth $43,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OMI. Riverview Trust Co bought a new position in shares of Owens & Minor during the first quarter valued at approximately $25,000. Quest Partners LLC purchased a new stake in shares of Owens & Minor in the 4th quarter worth $41,000. GAMMA Investing LLC increased its stake in shares of Owens & Minor by 52.1% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock valued at $46,000 after buying an additional 563 shares during the period. Quarry LP raised its holdings in shares of Owens & Minor by 38.8% in the fourth quarter. Quarry LP now owns 2,573 shares of the company’s stock valued at $50,000 after acquiring an additional 719 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in Owens & Minor during the 4th quarter worth about $214,000. 98.04% of the stock is currently owned by institutional investors.

Owens & Minor Stock Down 3.6 %

NYSE:OMI opened at $13.02 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. Owens & Minor, Inc. has a 12 month low of $12.86 and a 12 month high of $28.35. The firm has a fifty day simple moving average of $18.48 and a 200-day simple moving average of $21.15.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, research analysts expect that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

Wall Street Analyst Weigh In

OMI has been the subject of several recent research reports. Robert W. Baird reduced their price target on shares of Owens & Minor from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Bank of America reduced their price objective on shares of Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Finally, Citigroup raised their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.88.

Insider Activity

In other Owens & Minor news, CFO Alexander J. Bruni sold 10,568 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $17.76, for a total value of $187,687.68. Following the sale, the chief financial officer now directly owns 49,950 shares of the company’s stock, valued at $887,112. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Owens & Minor news, CFO Alexander J. Bruni sold 10,568 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $17.76, for a total value of $187,687.68. Following the completion of the transaction, the chief financial officer now directly owns 49,950 shares of the company’s stock, valued at $887,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the senior vice president now directly owns 84,673 shares in the company, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. Insiders have sold 36,923 shares of company stock valued at $686,911 in the last ninety days. Insiders own 2.62% of the company’s stock.

About Owens & Minor

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.