American Century Companies Inc. Boosts Position in Omega Flex, Inc. (NASDAQ:OFLX)

American Century Companies Inc. grew its stake in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,327 shares of the industrial products company’s stock after buying an additional 933 shares during the period. American Century Companies Inc. owned 0.07% of Omega Flex worth $308,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norden Group LLC bought a new stake in Omega Flex during the 4th quarter worth approximately $243,000. Barclays PLC grew its position in shares of 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 purchasing an additional 5,175 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of 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 purchasing an additional 804 shares during the period. JPMorgan Chase & Co. raised its position in shares of Omega Flex by 51.2% in the third quarter. JPMorgan Chase & Co. now owns 13,512 shares of the industrial products company’s stock worth $675,000 after buying an additional 4,578 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Omega Flex in the fourth quarter worth $690,000. 36.06% of the stock is currently owned by institutional investors.

Omega Flex Trading Down 0.6 %

OFLX stock opened at $30.47 on Monday. The company’s 50 day moving average is $36.59 and its 200 day moving average is $42.99. The stock has a market cap of $307.56 million, a price-to-earnings ratio of 16.83 and a beta of 0.38. Omega Flex, Inc. has a 1-year low of $29.72 and a 1-year high of $69.70.

Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings results on Wednesday, March 5th. The industrial products company reported $0.46 EPS for the quarter. Omega Flex had a net margin of 17.71% and a return on equity of 22.68%. The firm had revenue of $26.97 million for the quarter.

Omega Flex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.36 dividend on an annualized basis and a yield of 4.46%. Omega Flex’s payout ratio is 75.98%.

Wall Street Analyst Weigh In

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

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.