Charles Schwab Investment Management Inc. Acquires 932 Shares of Omega Flex, Inc. (NASDAQ:OFLX)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,952 shares of the industrial products company’s stock after purchasing an additional 932 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.28% of Omega Flex worth $1,395,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its position in shares of Omega Flex by 5.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 5,560 shares of the industrial products company’s stock worth $278,000 after buying an additional 270 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Omega Flex by 196.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,236 shares of the industrial products company’s stock worth $63,000 after buying an additional 819 shares during the last quarter. American Century Companies Inc. boosted its holdings in Omega Flex by 50.2% in the second quarter. American Century Companies Inc. now owns 5,006 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 1,673 shares during the last quarter. US Bancorp DE increased its position in Omega Flex by 38.5% during the third quarter. US Bancorp DE now owns 6,439 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 1,789 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Omega Flex by 153.2% in the second quarter. Squarepoint Ops LLC now owns 7,430 shares of the industrial products company’s stock worth $381,000 after buying an additional 4,496 shares during the last quarter. Institutional investors own 36.06% of the company’s stock.

Omega Flex Stock Performance

OFLX opened at $45.22 on Tuesday. Omega Flex, Inc. has a fifty-two week low of $43.86 and a fifty-two week high of $85.92. The firm’s fifty day moving average is $49.98 and its 200 day moving average is $50.66.

Omega Flex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be given a $0.34 dividend. The ex-dividend date is Thursday, December 19th. This represents a $1.36 annualized dividend and a dividend yield of 3.01%. Omega Flex’s payout ratio is 75.14%.

Analysts Set New Price Targets

Separately, StockNews.com cut Omega Flex from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.