The stock last traded at $22.00 which is impressively higher than the 50 day moving average which is $18.33 and which is significantly higher than the 200 day moving average of $17.80. The 50 day moving average went up $3.67 or +20.05% and the 200 day average went up $4.20 or +23.63%. Trading volume for Omega Protein Corporation was 406K in the last trading session. Volume was down 8.72% under the stocks average daily volume.
Investors are more bearish on Omega Protein Corporation if you take a look at the uptick in short interest. The company realized a rise in short interest of 0.45% as of September 29, 2017 from the last reporting period. Short shares increased 1,875 over that period. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares was 0.02% on September 29.
These funds have shifted positions in (OME). As of the end of the quarter Acadian Asset Management LLC had disposed of a total of 27,243 shares trimming its position 64.1%. The value of the investment in (OME) went from $760,000 to $254,000 a change of 66.6% quarter to quarter. As of quarter end Livforsakringsbolaget Skandia, Omsesidigt had sold 14,100 shares trimming its stake by 46.1%. The value of the investment in OME decreased from $547,000 to $274,000 decreasing 49.9% for the reporting period.
As of quarter end Winslow, Evans & Crocker, Inc. had disposed of 150 shares trimming its holdings by 50.0%. The value in dollars went from $5,370,000 to $2,498,000 a change of $2,872,000 since the last quarter. Bowling Portfolio Management LLC bolstered its holdings by buying 1,309 shares an increase of 4.6% as of 09/30/2017. Bowling Portfolio Management LLC now controls 29,666 shares valued at $494,000. The total value of its holdings decreased 2.8%.
The company is down by 0.23% percent from yesterday’s close. Omega Protein Corporation also declared a dividend for shareholders which was paid on Friday the 15th of September 2017. The dividend payment was $0.050 per share for the quarter which comes to $0.20 on an annualized basis. This dividend amount represented a yield of $0.91. The ex-dividend date was set for Wednesday the 23rd of August 2017.
The most current P/E ratio is 15.40 and market cap is 494.21M. As of the last earnings report the EPS was $1.43 and is estimated to be $1.07 for the current year with 22,464,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.20 with next year’s EPS projected to be $1.17.
Omega Protein Corporation, launched on January 23, 1998, is a nutritional products company that develops, produces and delivers nutritious products. The Company operates through two segments: animal nutrition and human nutrition..