Omega Protein Corporation (OME) : Tieton Capital Management added new position in Omega Protein Corporation during the most recent quarter end. The investment management firm now holds 209,302 shares of Omega Protein Corporation which is valued at $5,115,341 , the company said in a statement filed on Aug 10, 2016 with the SEC.Omega Protein Corporation makes up approximately 4.58% of Tieton Capital Management’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in OME in the latest quarter, The investment management firm added 14,472 additional shares and now holds a total of 570,629 shares of Omega Protein Corporation which is valued at $13,946,173.Ifrah Financial Services reduced its stake in OME by selling 218 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 13,843 shares of OME which is valued at $338,046. Omega Protein Corporation makes up approx 0.13% of Ifrah Financial Services’s portfolio. Symons Capital Management Inc added OME to its portfolio by purchasing 27,020 company shares during the most recent quarter which is valued at $659,828. Omega Protein Corporation makes up approx 0.15% of Symons Capital Management Inc’s portfolio.Swiss National Bank reduced its stake in OME by selling 3,400 shares or 9.63% in the most recent quarter. The Hedge Fund company now holds 31,900 shares of OME which is valued at $743,589. 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.
Omega Protein Corporation opened for trading at $24.35 and hit $24.56 on the upside on Friday, eventually ending the session at $24.52, with a gain of 0.20% or 0.05 points. The heightened volatility saw the trading volume jump to 2,78,724 shares. Company has a market cap of $547 M.
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).