Virtu Financial LLC purchased a new position in Omega Flex, Inc. (NASDAQ:OFLX – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,974 shares of the industrial products company’s stock, valued at approximately $280,000.
A number of other hedge funds also recently bought and sold shares of OFLX. FNY Investment Advisers LLC purchased a new position in Omega Flex in the fourth quarter worth about $37,000. Portside Wealth Group LLC lifted its position in Omega Flex by 9.3% in the 4th quarter. Portside Wealth Group LLC now owns 3,611 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 307 shares in the last quarter. Finally, Cim LLC purchased a new stake in Omega Flex during the 4th quarter valued at $296,000. Institutional investors own 36.06% of the company’s stock.
Omega Flex Trading Up 0.5 %
Omega Flex stock opened at $54.24 on Friday. The firm has a market cap of $547.28 million, a price-to-earnings ratio of 28.55 and a beta of 0.36. Omega Flex, Inc. has a 12 month low of $53.50 and a 12 month high of $107.40. The stock has a fifty day simple moving average of $63.98 and a two-hundred day simple moving average of $69.65.
Omega Flex Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.51%. This is a boost from Omega Flex’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, June 26th. Omega Flex’s payout ratio is presently 69.47%.
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.
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