Shares of the company are trading at $15.59 marginally over $14.49, the 50 day moving average and a tad higher than the 200 day moving average of $14.60. The 50 day moving average was up by +7.56% whereas the 200 day moving average was up $0.99 or +6.80%. OM Asset Management plc Ordinar shares had a trading volume of 692K on Tuesday. Overall, volume was up 346.60% over the stocks normal daily volume.
Short traders are more bearish on OM Asset Management plc Ordinar of late as indicated by the change in short interest. The firm realized a rise in short interest of 28.35% between September 15, 2017 and September 29, 2017. Short shares grew 129,864 over that timeframe. With short interest at 587,925 and short average daily volume at 518,033, days to cover is 1.0 and the percentage of shorted shares was 0.01% on September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Squarepoint Ops LLC had bought 38,500 shares growing its stake by 305.6%. The value of the investment in OMAM increased from $191,000 to $759,000 increasing 297.4% for the reporting period. As of quarter end Point72 Asset Management, L.p. had acquired a total of 1,171,627 shares growing its holdings by 89.4%. The value of the investment in OM Asset Management plc Ordinar went from $19,814,000 to $36,884,000 a change of $17,070,000 quarter to quarter.
William Blair Investment Management, LLC grew its position by buying 155,366 shares an increase of 4.8% as of 06/30/2017. William Blair Investment Management, LLC owns 3,393,659 shares valued at $50,430,000. The total value of its holdings increased 3.0%. Bowling Portfolio Management LLC reduced its ownership by shedding 1,717 shares a decrease of 2.3% from 06/30/2017 to 09/30/2017. Bowling Portfolio Management LLC now holds 71,907 shares worth $1,073,000. The value of the position overall is down by 1.9%.
The company is so far trading up from yesterday’s close of 15.58. Additionally OM Asset Management plc Ordinar declared a dividend that was paid on Friday the 29th of September 2017. The dividend was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend amount was represent a yield of $2.31. The ex-dividend date was Thursday the 14th of September 2017.
The P/E ratio is 19.71 and the market cap is 1.71B. In the latest earnings report the EPS was $0.79 and is projected to be $1.56 for the current year with 109,720,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.40 with next year’s EPS anticipated to be $1.67.
OM Asset Management plc, launched on May 29, 2014, is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC (Acadian); Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley); Campbell Global, LLC (Campbell Global); Copper Rock Capital Partners LLC (Copper Rock); Heitman LLC (Heitman); Investment Counselors of Maryland, LLC (ICM); Landmark Partners, LLC (Landmark), and Thompson, Siegel & Walmsley LLC (TSW). It works with boutique asset managers, and the Company leverages the resources within its organization to engage with its Affiliates and provide them with capabilities unavailable to specialist asset management firms. The Company works with its Affiliates to identify and execute upon opportunities for their businesses in areas, such as business line expansion and product development, as well as activities required for the operation of investment boutiques, including talent management, risk management and compliance support. The Company is an indirect subsidiary of Old Mutual plc, an international investment, savings, insurance and banking group..