November 30, 2016 - By Ruchi Gupta
Two days ago, an insider trading transaction was made. Gary Allee, the director and an insider of Omega Protein Corp sold a total of 8,800 shares of Omega Protein Corp, worth precisely $215,682 U.S. Dollars, at $24.5 for every share at the time of the transaction. Today, Gary Allee owns 36,101 shares which are around 0.16% of the Company’s total market cap.
Out of 5 analysts covering Omega Protein (NYSE:OME), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $24 is the highest target while $19 is the lowest. The $22 average target is -9.17% below today’s ($24.22) stock price. Omega Protein has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Tuesday, September 29 the stock rating was upgraded by DA Davidson to “Buy”. Pivotal Research upgraded the shares of OME in a report on Wednesday, January 20 to “Buy” rating. The firm has “Hold” rating given on Friday, August 5 by Wunderlich. The firm has “Neutral” rating given on Monday, December 14 by DA Davidson. The stock of Omega Protein Corporation (NYSE:OME) has “Hold” rating given on Tuesday, October 20 by Pivotal Research. The rating was upgraded by Imperial Capital on Tuesday, August 11 to “In-Line”. On Thursday, April 28 the stock rating was initiated by Wunderlich with “Buy”. BB&T Capital initiated the shares of OME in a report on Tuesday, September 1 with “Hold” rating.
Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.58, from 0.79 in 2016Q1. The ratio improved, as 20 funds sold all Omega Protein Corporation shares owned while 53 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 18.76 million shares or 2.54% less from 19.25 million shares in 2016Q1.
Princeton Alpha Management L P has 14,433 shares for 0.05% of their US portfolio. Trexquant Invest Lp holds 0.03% of its portfolio in Omega Protein Corporation (NYSE:OME) for 10,644 shares. Ativo Cap Mngmt Ltd Liability owns 57,514 shares or 0.28% of their US portfolio. State Common Retirement Fund owns 55,100 shares or 0% of their US portfolio. Moreover, Origin Asset Limited Liability Partnership has 0.01% invested in Omega Protein Corporation (NYSE:OME) for 11,062 shares. Gotham Asset Mgmt Ltd Limited Liability Company holds 67,101 shares or 0.02% of its portfolio. Wellington Group Inc Limited Liability Partnership has invested 0% of its portfolio in Omega Protein Corporation (NYSE:OME). Goldman Sachs Inc holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 43,101 shares. Moreover, Grantham Mayo Van Otterloo Communication Ltd Liability Company has 0.02% invested in Omega Protein Corporation (NYSE:OME) for 228,500 shares. Geode Cap Management Ltd Liability reported 324,702 shares or 0% of all its holdings. Springbok Capital Ltd Liability Com holds 0.03% of its portfolio in Omega Protein Corporation (NYSE:OME) for 9,599 shares. Teachers Advsrs holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 86,380 shares. The Massachusetts-based Acadian Asset has invested 0% in Omega Protein Corporation (NYSE:OME). State Board Of Administration Of Florida Retirement System has 13,700 shares for 0% of their US portfolio. Winslow Evans Crocker accumulated 300 shares or 0% of the stock.
Insider Transactions: Since September 8, 2016, the stock had 0 insider purchases, and 3 insider sales for $2.59 million net activity. Another trade for 17,000 shares valued at $436,900 was made by Johannesen Andrew on Thursday, September 8. 11,200 shares were sold by ALLEE GARY L, worth $272,552. Griffin Mark Edward had sold 75,000 shares worth $1.88 million.
About 178,046 shares traded hands or 14.23% up from the average. Omega Protein Corporation (NYSE:OME) has risen 30.46% since April 27, 2016 and is uptrending. It has outperformed by 25.23% the S&P500.
Omega Protein Corporation is a nutritional products firm that develops, produces and delivers nutritious products across the world. The company has a market cap of $548.58 million. The Firm operates through two divisions: animal nutrition and human nutrition. It has a 17.17 P/E ratio. The Company’s animal nutrition segment consists primarily of two subsidiaries: Omega Protein, Inc. and Omega Shipyard, Inc. (Omega Shipyard).
According to Zacks Investment Research, “Omega Protein Corporation, headquartered in Houston, is one of the nation’s leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. (Company Press Release)”
Analysts await Omega Protein Corporation (NYSE:OME) to report earnings on March, 8. They expect $0.43 EPS, up 48.28% or $0.14 from last year’s $0.29 per share. OME’s profit will be $9.74 million for 14.08 P/E if the $0.43 EPS becomes a reality. After $0.67 actual EPS reported by Omega Protein Corporation for the previous quarter, Wall Street now forecasts -35.82% negative EPS growth.
More recent Omega Protein Corporation (NYSE:OME) news were published by: Fool.com which released: “Why Omega Protein Corporation Shares Crashed Today” on March 10, 2016. Also Marketwatch.com published the news titled: “Omega Protein Corp.” on September 11, 2009. Prnewswire.com‘s news article titled: “Proxy Advisor Glass Lewis Recommends That Omega Protein Stockholders Vote For ..” with publication date: June 17, 2016 was also an interesting one.
Omega Protein Corporation, incorporated on January 23, 1998, is a nutritional products firm that develops, produces and delivers nutritious products across the world. The Firm operates through two divisions: animal nutrition and human nutrition. Omega Protein, Inc. (Omega Protein), the Company’s principal operating subsidiary, produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Protein operates approximately three menhaden processing plants in the states of Louisiana, Mississippi and Virginia. The Firm also operates a Health and Science Center in Reedville, Virginia, which provides 100-metric tons per day of fish oil input capacity for the Company’s food, industrial and feed grade oils. A portion of Omega Protein’s production is transferred to its human nutrition segment. Omega Shipyard, Inc. (Omega Shipyard) owns and operates a dry dock facility in Moss Point, Mississippi that is used to provide shore side maintenance for Omega Protein’s fishing fleet.
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By Ruchi Gupta