Omega Protein Co. (OME) Sees Large Decline in Short Interest
Omega Protein Co. (NYSE:OME) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 628,753 shares, a decline of 47.9% from the November 15th total of 1,206,688 shares. Based on an average daily volume of 508,938 shares, the short-interest ratio is presently 1.2 days. Currently, 2.9% of the company’s shares are sold short.
Omega Protein (OME) opened at $21.95 on Tuesday. Omega Protein has a 52 week low of $14.50 and a 52 week high of $26.99. The company has a market cap of $493.41, a PE ratio of 22.20 and a beta of 0.28.
Omega Protein (NYSE:OME) last issued its earnings results on Wednesday, November 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.22). Omega Protein had a return on equity of 6.48% and a net margin of 5.45%. The firm had revenue of $90.30 million for the quarter, compared to analysts’ expectations of $96.65 million. During the same period last year, the firm earned $0.67 earnings per share. Omega Protein’s revenue for the quarter was down 17.0% on a year-over-year basis.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. purchased a new position in Omega Protein during the third quarter worth about $113,000. Victory Capital Management Inc. raised its stake in Omega Protein by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,234 shares of the company’s stock worth $165,000 after purchasing an additional 1,384 shares during the period. AHL Partners LLP purchased a new position in Omega Protein during the second quarter worth about $189,000. Voya Investment Management LLC raised its stake in Omega Protein by 16.2% during the second quarter. Voya Investment Management LLC now owns 11,668 shares of the company’s stock worth $209,000 after purchasing an additional 1,626 shares during the period. Finally, SG Americas Securities LLC raised its stake in Omega Protein by 129.1% during the third quarter. SG Americas Securities LLC now owns 17,169 shares of the company’s stock worth $286,000 after purchasing an additional 9,675 shares during the period. 85.81% of the stock is currently owned by institutional investors.
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Omega Protein Company Profile
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists of two subsidiaries: Omega Protein, Inc (Omega Protein) and Omega Shipyard, Inc (Omega Shipyard).
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