5,792 Shares in Omega Flex, Inc. (NASDAQ:OFLX) Purchased by Norden Group LLC

Norden Group LLC acquired a new stake in shares of Omega Flex, Inc. (NASDAQ:OFLX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,792 shares of the industrial products company’s stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in OFLX. Los Angeles Capital Management LLC raised its position in shares of Omega Flex by 5.1% in the third quarter. Los Angeles Capital Management LLC now owns 5,560 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 270 shares during the period. PDT Partners LLC purchased a new position in Omega Flex in the 3rd quarter valued at approximately $316,000. US Bancorp DE grew its stake in Omega Flex by 38.5% in the 3rd quarter. US Bancorp DE now owns 6,439 shares of the industrial products company’s stock valued at $321,000 after buying an additional 1,789 shares in the last quarter. Barclays PLC raised its holdings in Omega Flex by 405.9% during the 3rd quarter. Barclays PLC now owns 6,450 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 5,175 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Omega Flex by 13.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,776 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 804 shares in the last quarter. 36.06% of the stock is owned by hedge funds and other institutional investors.

Omega Flex Stock Down 0.9 %

Shares of OFLX opened at $35.91 on Wednesday. Omega Flex, Inc. has a twelve month low of $34.39 and a twelve month high of $75.14. The stock has a market cap of $362.48 million, a PE ratio of 19.84 and a beta of 0.38. The business’s 50-day moving average price is $39.37 and its 200-day moving average price is $45.51.

Omega Flex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Thursday, December 19th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Thursday, December 19th. Omega Flex’s dividend payout ratio (DPR) is presently 75.14%.

Wall Street Analysts Forecast Growth

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

Omega Flex Company 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.