Swiss National Bank lifted its holdings in Omega Flex, Inc. (NASDAQ:OFLX) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,700 shares of the industrial products company’s stock after buying an additional 200 shares during the quarter. Swiss National Bank owned approximately 0.06% of Omega Flex worth $438,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of OFLX. BNP Paribas Arbitrage SA increased its holdings in Omega Flex by 60,700.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 608 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 607 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Omega Flex during the 1st quarter valued at $78,000. Advisor Group Inc. boosted its position in Omega Flex by 17.7% during the 2nd quarter. Advisor Group Inc. now owns 1,418 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 213 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Omega Flex during the 1st quarter valued at $109,000. Finally, Dimensional Fund Advisors LP boosted its position in Omega Flex by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 297,568 shares of the industrial products company’s stock valued at $16,090,000 after acquiring an additional 3,518 shares in the last quarter. Hedge funds and other institutional investors own 26.72% of the company’s stock.
Shares of Omega Flex stock traded up $1.87 during trading on Friday, reaching $98.07. The company’s stock had a trading volume of 27,179 shares, compared to its average volume of 11,711. The company has a quick ratio of 3.94, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The company has a market cap of $971.07 million, a price-to-earnings ratio of 49.85 and a beta of 0.82. Omega Flex, Inc. has a 1-year low of $51.02 and a 1-year high of $99.00. The company has a 50-day simple moving average of $81.03 and a two-hundred day simple moving average of $80.85.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%.
Separately, BidaskClub raised Omega Flex from a “buy” rating to a “strong-buy” rating in a research report on Saturday.
About Omega Flex
Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.
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