Omega Flex, Inc. (OFLX) To Go Ex-Dividend on December 19th

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Friday, December 19th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, December 19th.

Omega Flex has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

Omega Flex Price Performance

OFLX stock traded down $0.99 during trading on Wednesday, reaching $30.22. The company had a trading volume of 55,251 shares, compared to its average volume of 31,514. Omega Flex has a 52 week low of $25.58 and a 52 week high of $44.71. The company has a market cap of $304.92 million, a P/E ratio of 19.01 and a beta of 0.40. The business has a 50 day moving average of $28.20 and a 200 day moving average of $31.61.

Omega Flex (NASDAQ:OFLX) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.37 EPS for the quarter. Omega Flex had a net margin of 16.08% and a return on equity of 19.24%. The business had revenue of $24.23 million for the quarter.

Insider Activity

In other Omega Flex news, Director Stephen M. Shea acquired 2,350 shares of the stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $28.47 per share, for a total transaction of $66,904.50. Following the completion of the transaction, the director directly owned 3,750 shares of the company’s stock, valued at $106,762.50. This trade represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 4,134 shares of company stock worth $118,486. 65.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Omega Flex

Several institutional investors have recently made changes to their positions in OFLX. American Century Companies Inc. grew its holdings in Omega Flex by 4.6% during the 1st quarter. American Century Companies Inc. now owns 7,667 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 340 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Omega Flex by 2.3% during the second quarter. Squarepoint Ops LLC now owns 19,709 shares of the industrial products company’s stock valued at $638,000 after buying an additional 442 shares during the last quarter. PDT Partners LLC raised its holdings in shares of Omega Flex by 7.3% in the first quarter. PDT Partners LLC now owns 6,791 shares of the industrial products company’s stock worth $236,000 after buying an additional 462 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Omega Flex by 6.7% during the 3rd quarter. Alliancebernstein L.P. now owns 7,970 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 500 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Omega Flex by 51.8% during the 2nd quarter. CWM LLC now owns 1,857 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 634 shares during the last quarter. Institutional investors own 36.06% of the company’s stock.

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.