Dimensional Fund Advisors LP Boosts Stock Holdings in Omega Flex, Inc. (NASDAQ:OFLX)

Dimensional Fund Advisors LP lifted its stake in Omega Flex, Inc. (NASDAQ:OFLX) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,717 shares of the industrial products company’s stock after purchasing an additional 1,421 shares during the period. Dimensional Fund Advisors LP’s holdings in Omega Flex were worth $10,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norden Group LLC purchased a new position in shares of Omega Flex in the 4th quarter valued at about $243,000. Exchange Traded Concepts LLC lifted its stake in Omega Flex by 13.5% in 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 during the last quarter. Barclays PLC grew its holdings in Omega Flex by 10.0% during the 4th quarter. Barclays PLC now owns 7,098 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 648 shares in the last quarter. American Century Companies Inc. increased its position in shares of Omega Flex by 14.6% in the 4th quarter. American Century Companies Inc. now owns 7,327 shares of the industrial products company’s stock valued at $308,000 after purchasing an additional 933 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Omega Flex by 41.2% in the 4th quarter. Trexquant Investment LP now owns 7,488 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 2,186 shares in the last quarter. 36.06% of the stock is owned by institutional investors and hedge funds.

Omega Flex Stock Performance

NASDAQ:OFLX opened at $30.83 on Friday. Omega Flex, Inc. has a 1 year low of $28.12 and a 1 year high of $67.56. The stock has a market cap of $311.20 million, a P/E ratio of 17.03 and a beta of 0.36. The stock has a 50-day simple moving average of $33.81 and a 200-day simple moving average of $40.41.

Omega Flex (NASDAQ:OFLX) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter. Omega Flex had a return on equity of 22.68% and a net margin of 17.71%. The firm had revenue of $23.33 million during the quarter.

Omega Flex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Thursday, April 10th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.36 annualized dividend and a yield of 4.41%. Omega Flex’s dividend payout ratio is currently 79.07%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Omega Flex from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th.

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.