Omega Flex, Inc. (NASDAQ:OFLX) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,560 shares of the industrial products company’s stock after purchasing an additional 270 shares during the quarter. Los Angeles Capital Management LLC owned about 0.06% of Omega Flex worth $278,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its holdings in Omega Flex by 1.5% in the first quarter. Sei Investments Co. now owns 23,694 shares of the industrial products company’s stock valued at $1,681,000 after purchasing an additional 348 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Omega Flex in the 1st quarter valued at about $128,000. Vanguard Group Inc. grew its position in shares of Omega Flex by 1.5% during the first quarter. Vanguard Group Inc. now owns 161,884 shares of the industrial products company’s stock worth $11,482,000 after buying an additional 2,411 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of Omega Flex by 577.5% during the first quarter. EntryPoint Capital LLC now owns 1,836 shares of the industrial products company’s stock worth $130,000 after buying an additional 1,565 shares during the period. Finally, American Century Companies Inc. raised its holdings in Omega Flex by 50.2% in the second quarter. American Century Companies Inc. now owns 5,006 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 36.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Omega Flex from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Omega Flex Stock Performance

Omega Flex stock opened at $51.09 on Tuesday. The stock’s fifty day moving average is $50.48 and its two-hundred day moving average is $53.07. Omega Flex, Inc. has a 1-year low of $43.86 and a 1-year high of $85.92.

Omega Flex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 26th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, September 26th. Omega Flex’s dividend payout ratio (DPR) is presently 75.14%.

Omega Flex Profile

Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.