Omega Protein Corp (OME) Files Form 4 Insider Selling : Mark Edward Griffin Sells 75,000 Shares

Omega Protein Corp (OME): Mark Edward Griffin , President – Animal Nutrition of Omega Protein Corp sold 75,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $25.12 per share for a total value of $1,884,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Andrew Johannesen (Exec VP and CFO) sold 17,000 shares at $25.70 per share price.On Nov 12, 2015, Mark Edward Griffin (President – Animal Nutrition) sold 29,561 shares at $21.83 per share price.Also, On Aug 12, 2015, John D Held (Exec VP, General Counsel & Sec) sold 37,700 shares at $16.78 per share price.On Aug 11, 2015, Gregory P Toups (VP Ch Acct Officer & Controlle) sold 700 shares at $15.93 per share price.

Shares of Omega Protein Corporation (OME) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.82% at $25.36 with 389,446 shares getting traded. Post opening the session at $25.42, the shares hit an intraday low of $24.81 and an intraday high of $25.6 and the price vacillated in this range throughout the day. The company has a market cap of $566 M and the number of outstanding shares has been calculated to be 22,305,073 shares. The 52-week high of Omega Protein Corporation is $26 and the 52-week low is $14.58.

Omega Protein Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Omega Protein Corporation is Downgraded by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $22 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 5, 2016.Omega Protein Corporation is Reiterated by DA Davidson to Neutral and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $20 .The Rating was issued on Aug 4, 2016.Omega Protein Corporation is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $25 .The Rating was issued on Aug 2, 2016.

Omega Protein Corporation is a nutritional product company. The Company operates through two segments: animal nutrition and human nutrition. The animal nutrition segment consists primarily of two subsidiaries: Omega Protein Inc. (Omega Protein) and Omega Shipyard Inc. (Omega Shipyard). Omega Protein the principal operating subsidiary produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Shipyard owns and operates a 49.4 acre shipyard facility in Moss Point Mississippi. The human nutrition segment has three primary product lines: dairy protein products specialty oils and fatty acids and other nutraceutical ingredients. The human nutrition business consists of Nutegrity a division of the Company consisting of three subsidiaries: Cyvex Nutrition Inc. (Cyvex) InCon Processing L.L.C. (InCon) and Wisconsin Specialty Protein L.L.C. (WSP) and Bioriginal Food & Science Corp. (Bioriginal).

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