In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Owens & Minor Inc. (NYSE:OMI) reported that Vanguard Group Inc. has picked up 6,488,060 of common stock as of 2017-03-03.
The acquisition brings the aggregate amount owned by Vanguard Group Inc. to a total of 6,488,060 representing a 10.54% stake in the company.
For those not familiar with the company, Owens & Minor, Inc. is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International. The Domestic segment includes all functions relating to its role as a medical supply logistics company providing distribution; kitting, including Medical Action Industries Inc., and logistics services to healthcare providers and manufacturers in the United States. The International segment consists of Movianto Group and ArcRoyal. The Company serves customers with a service portfolio that covers procurement, inventory management, delivery and sourcing for the healthcare market. With fully developed networks in the United States and Europe, it serves hospitals, integrated healthcare systems, group purchasing organizations, the United States federal government and pharmaceuticals.
A glance at Owens & Minor Inc. (NYSE:OMI)’s key stats reveals a current market capitalization of 2.24 Billion based on 61.04 Million shares outstanding and a price at last close of $36.50 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-26, Simmons picked up 2,200 at a purchase price of $32.75. This brings their total holding to 9,422 as of the date of the filing.
On the sell side, the most recent transaction saw Colpo unload 8,802 shares at a sale price of $36.04. This brings their total holding to 38,705.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Owens & Minor Inc. (NYSE:OMI) as things move forward to see if its progress aligns with these transactions.
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