1 week Ago By ABMN Staff
Trexquant Investment LP increased its holdings in shares of Omega Flex, Inc. ( NASDAQ:OFLX – Free Report ) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 7,488 shares of the industrial products company’s stock after acquiring an additional 2,186 shares during the quarter. Trexquant Investment LP owned approximately 0.07% of Omega Flex worth $314,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of OFLX. JPMorgan Chase & Co. grew its holdings in shares of Omega Flex by 51.
2% during the third quarter. JPMorgan Chase & Co. now owns 13,512 shares of the industrial products company’s stock valued at $675,000 after purchasing an additional 4,578 shares during the last quarter.
State Street Corp grew its stake in Omega Flex by 3.4% during the 3rd quarter. State Street Corp now owns 74,196 shares of the industrial products company’s stock worth $3,729,000 after buying an additional 2,433 shares during the last quarter.
Geode Capital Management LLC increased its position in Omega Flex by 2.7% in the third quarter. Geode Capital Management LLC now owns 89,362 shares of the industrial products company’s stock worth $4,461,000 after buying an additional 2,358 shares during the period.
Barclays PLC lifted its stake in Omega Flex by 405.9% in the third quarter. Barclays PLC now owns 6,450 shares of the industrial products company’s stock valued at $323,000 after buying an additional 5,175 shares during the last quarter.
Finally, Proficio Capital Partners LLC acquired a new position in shares of Omega Flex during the fourth quarter valued at $690,000. Institutional investors own 36.06% of the company’s stock.
Omega Flex Trading Down 0.6 % Shares of NASDAQ OFLX opened at $30.47 on Monday.
Omega Flex, Inc. has a 12-month low of $29.72 and a 12-month high of $69.
70. The company has a market cap of $307.56 million, a PE ratio of 16.
83 and a beta of 0.38. The stock has a 50 day simple moving average of $36.
59 and a 200-day simple moving average of $42.99. Omega Flex Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd.
Investors of record on Thursday, April 10th will be given a $0.34 dividend. The ex-dividend date is Thursday, April 10th.
This represents a $1.36 dividend on an annualized basis and a yield of 4.46%.
Omega Flex’s dividend payout ratio is presently 75.98%. Analyst Upgrades and Downgrades Separately, StockNews.
com raised shares of Omega Flex from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th. Check Out Our Latest Research Report on OFLX 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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