Omega Flex, Inc. (NASDAQ:OFLX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Omega Flex, Inc. (NASDAQ:OFLXFree Report) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,679 shares of the industrial products company’s stock after selling 450 shares during the period. Victory Capital Management Inc. owned about 0.12% of Omega Flex worth $823,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Portside Wealth Group LLC lifted its holdings in shares of Omega Flex by 9.3% during the fourth quarter. Portside Wealth Group LLC now owns 3,611 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 307 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Omega Flex during the fourth quarter valued at about $37,000. Hunter Associates Investment Management LLC boosted its holdings in shares of Omega Flex by 0.8% in the third quarter. Hunter Associates Investment Management LLC now owns 78,822 shares of the industrial products company’s stock worth $6,210,000 after buying an additional 650 shares during the period. Strs Ohio increased its position in shares of Omega Flex by 50.0% in the third quarter. Strs Ohio now owns 2,400 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Omega Flex by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 40,859 shares of the industrial products company’s stock valued at $3,217,000 after acquiring an additional 429 shares during the period. 36.06% of the stock is owned by institutional investors.

Omega Flex Stock Performance

Shares of NASDAQ:OFLX opened at $66.99 on Wednesday. The firm has a 50 day simple moving average of $68.74 and a 200 day simple moving average of $71.04. Omega Flex, Inc. has a 52 week low of $63.43 and a 52 week high of $114.50. The company has a market cap of $675.88 million, a PE ratio of 35.26 and a beta of 0.37.

Omega Flex (NASDAQ:OFLXGet Free Report) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.48 EPS for the quarter. Omega Flex had a return on equity of 24.76% and a net margin of 18.03%. The business had revenue of $28.15 million during the quarter.

Omega Flex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.97%. Omega Flex’s payout ratio is presently 69.47%.

About Omega Flex

(Free Report)

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.

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Institutional Ownership by Quarter for Omega Flex (NASDAQ:OFLX)

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