Omega Protein Corporation (OME) : Wynnefield Capital Inc scooped up 252,142 additional shares in Omega Protein Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,742,636 shares of Omega Protein Corporation which is valued at $42,590,024.Omega Protein Corporation makes up approximately 14.13% of Wynnefield Capital Inc’s portfolio.
Other Hedge Funds, Including , Bridgeway Capital Management Inc reduced its stake in OME by selling 250 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 247,400 shares of OME which is valued at $6,046,456. Omega Protein Corporation makes up approx 0.09% of Bridgeway Capital Management Inc’s portfolio. Tieton Capital Management added OME to its portfolio by purchasing 209,302 company shares during the most recent quarter which is valued at $5,115,341. Omega Protein Corporation makes up approx 4.58% of Tieton Capital Management’s portfolio. Chicago Equity Partners sold out all of its stake in OME during the most recent quarter. The investment firm sold 31,200 shares of OME which is valued $702,624.Alps Advisors Inc reduced its stake in OME by selling 1,561 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 21,273 shares of OME which is valued at $469,921. Simplex Trading sold out all of its stake in OME during the most recent quarter. The investment firm sold 1,991 shares of OME which is valued $43,045.
Omega Protein Corporation closed down -0.05 points or -0.20% at $25.16 with 3,96,214 shares getting traded on Thursday. Post opening the session at $25.05, the shares hit an intraday low of $24.66 and an intraday high of $25.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Omega Protein Corporation reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.48. The company had revenue of $112.65 million for the quarter, compared to analysts expectations of $99.28 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Omega Protein Corporation. Company shares were Downgraded by Wunderlich on Aug 5, 2016 to ” Hold”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .Company shares were Reiterated by DA Davidson on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 26 from a previous price target of $20 .Company shares were Reiterated by Pivotal Research Group on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .
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).