William Seelbach Insider Buy
In an electronic document which was filled with the U.S. SEC, it was disclosed that the director of Omnova Solutions Inc William Seelbach, an insider in bull’s eye, made a stock market purchase for 20,000 shares of the chemical manufacturing’s company, having a market value near $109,400 US Dollars using an average price-per-share of $5.5 US Dollars. This acquisition decreased his ownership of Omnova Solutions Inc to 0.10% market capitalization or 49,523 shares.
Omnova Solutions Inc Sentiment and Fundamentals
The three leading stock analysts expect $0.37 earnings per share for 2015 which translates into a price-earnings ratio of precisely 14.97 for the corporation.
Our experts have no choice but to rate the stock NEUTRAL, despite William’s stock purchase, because of our backtested stocks momentum model as presented on the chart below. Just over the last 200 days, Omnova Solutions Inc’s share price have dived by 24.42% and is in a downtrend.
Institutional Ownership
Recently released 13F public filings data reveal 101 hedge funds and institutional investors hold shares in Omnova Solutions Inc. The institutional ownership of this company in Q2 2015 is high, at 85.81% of the shares outstanding. They decreased by 505,618 the total shares they hold. As of that quarter these owners owned 39.30 million shares. A total of 5 funds closed their positions in Omnova Solutions Inc and 47 reduced their holdings. There were 11 funds that created new positions and 26 funds that added to their positions.
As revealed by SEC’s 13F filings, the stock is in Top 10 stock holdings of two [HF3951]. Some of these are: Weber Alan W, Robotti Robert.
Weber Alan W had the greatest investment with ownership of 1.12 million shares as of Q2 2015 for 7.33% of the fund’s portfolio. Robotti Robert is another bullish institutional investor having 1.28 million shares of the company or 5.32% of their stocks portfolio. The Ohio-based fund Winslow Asset Management Inc have 1.64% of their stock portfolio invested in the company for 1.27 million shares. In addition, The North Carolina-based fund Jolley Asset Management Llc revealed it had acquired a stake worth 0.18% of the fund’s stock portfolio in the company. The Massachusetts-based fund Rutabaga Capital Management Llc Ma was also a notable follower of the public company, with ownership of 772,906 shares. Omnova Solutions Inc is 0.58% of the fund’s stock portfolio.
OMNOVA Solutions NYSE:OMN Firm Profile
OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company operates in two segments: Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene (SB), styrene butadiene acrylonitrile (SBA), styrene butadiene vinyl pyridine, nitrile butadiene (NBR), polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemicals and bio-based chemistries. The Engineered Surfaces segment develops, designs, produces, and markets a line of functional and decorative surfacing products, including coated fabrics, laminates and industrial films. The Company sells its products directly to manufacturers. The Company has manufacturing facilities located in the United States, France, China, India and Thailand.
Company Website: OMNOVA Solutions
Omnova Solutions Inc was formed in Ohio on 1998-05-29. At the moment its market cap is: $253.73 million and it has 47.43 million shares outstanding. As of writing there are 86.78% shareholders and the institutional ownership stands at 86.78%. Omnova Solutions Inc has 2320 employees. The stock closed at $5.54 yesterday and it had average 2 days volume of 70695 shares. It is up from the 30 days average shares volume of 40051. Omnova Solutions Inc has a 52w low of $5.01 and a one year high of $8.62. The current price is below the 200 days simple moving average. Omnova Solutions Inc last issued its quarterly earnings report on 09/24/2015. The company reported 0.13 EPS for the quarter, missing the consensus estimate of 0.14 by -0.01. The company had a revenue of 210.90 million for 8/31/2015 and 220.20 million for 5/31/2015. Therefore, the revenue was -9,300,000 down.
William Seelbach is also director of Corrpro Companies Inc /Oh/.
