Shares last traded at $21.90 which is impressively higher than the 50 day moving average which is $19.25 and quite a bit higher than the 200 day moving average of $17.92. The 50 day moving average was up $2.65 or +13.74% and the 200 day average was up $3.98. Trading volume for Omega Protein Corporation was 242K in the last trading session. Overall, volume was down 69.43% under the stocks normal daily volume.
Traders are more bearish on shares of the company recently as inferred by the motion in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 58.24%. Short interest grew 245,039 over that timeframe. Days to cover decreased from 3.0 to 1.0 and the percentage of shorted shares is 0.03% as of October 13.
Here are a few substantial investment firms who have updated their positions. First Quadrant L P/ca expanded its position by buying 400 shares an increase of 1.7%. First Quadrant L P/ca now controls 24,400 shares valued at $406,000. The value of the position overall is down by 5.6%. As of the end of the quarter Thomson Horstmann & Bryant Inc had sold 59,965 shares trimming its holdings by 14.7%. The value of the total investment in Omega Protein Corporation decreased from $7,286,000 to $5,779,000 a change of 20.7% for the reporting period.
As of quarter end Nationwide Fund Advisors had disposed of a total of 33,300 shares trimming its stake by 66.2%. The value of the investment in OME went from $901,000 to $283,000 a change of $618,000 quarter over quarter. As of quarter end Simplex Trading, LLC had sold a total of 15 shares trimming its position 4.6%. The value of the investment in (OME) went from $5,000 to $5,000 decreasing 0.0% since the last quarter.
The company is now unchanged from yesterday’s close of $21.90. The company also declared a dividend for shareholders paid on Friday the 15th of September 2017. The dividend was $0.050 per share for the quarter which comes to $0.20 on an annualized basis. This dividend represents a yield of $0.91. The ex-dividend date was Wednesday the 23rd of August 2017.
Omega Protein Corporation currently has a P/E ratio of 15.33 and market cap is 491.96M. As of the last earnings report the EPS was $1.43 and is projected to be $1.07 for the current year with 22,464,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.20 with next year’s EPS anticipated 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..