American Century Companies Inc. Buys 340 Shares of Omega Flex, Inc. $OFLX

American Century Companies Inc. boosted its stake in Omega Flex, Inc. (NASDAQ:OFLX) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,667 shares of the industrial products company’s stock after acquiring an additional 340 shares during the period. American Century Companies Inc. owned 0.08% of Omega Flex worth $267,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Two Sigma Advisers LP boosted its holdings in Omega Flex by 5.5% in the fourth quarter. Two Sigma Advisers LP now owns 7,700 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 400 shares in the last quarter. Northern Trust Corp boosted its holdings in Omega Flex by 1.4% in the fourth quarter. Northern Trust Corp now owns 36,525 shares of the industrial products company’s stock valued at $1,533,000 after acquiring an additional 499 shares in the last quarter. Barclays PLC boosted its holdings in shares of Omega Flex by 10.0% during the 4th quarter. Barclays PLC now owns 7,098 shares of the industrial products company’s stock valued at $298,000 after buying an additional 648 shares in the last quarter. CWM LLC boosted its holdings in shares of Omega Flex by 183.8% during the 1st quarter. CWM LLC now owns 1,223 shares of the industrial products company’s stock valued at $43,000 after buying an additional 792 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Omega Flex by 95.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the industrial products company’s stock valued at $62,000 after buying an additional 875 shares in the last quarter. Institutional investors own 36.06% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Omega Flex from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Omega Flex Stock Down 0.8%

Shares of NASDAQ OFLX opened at $35.01 on Friday. The stock has a market cap of $353.25 million, a PE ratio of 20.84 and a beta of 0.28. Omega Flex, Inc. has a 52-week low of $28.12 and a 52-week high of $57.81. The business has a 50-day moving average price of $34.07 and a 200 day moving average price of $33.84.

Omega Flex (NASDAQ:OFLX) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $25.52 million during the quarter. Omega Flex had a return on equity of 20.48% and a net margin of 16.91%.

Omega Flex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.36 annualized dividend and a yield of 3.9%. Omega Flex’s dividend payout ratio is currently 80.95%.

Insider Buying and Selling

In other Omega Flex news, Chairman Kevin R. Hoben sold 972 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $31.55, for a total transaction of $30,666.60. Following the completion of the sale, the chairman directly owned 898,533 shares of the company’s stock, valued at $28,348,716.15. This represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 65.20% of the stock is currently owned by corporate insiders.

About Omega Flex

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.