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

Charles Schwab Investment Management Inc. boosted its stake in Omega Flex, Inc. (NASDAQ:OFLX) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 27,952 shares of the industrial products company’s stock after buying an additional 932 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Omega Flex were worth $1,395,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Omega Flex Price Performance

Shares of NASDAQ:OFLX opened at $45.22 on Tuesday. The firm has a fifty day simple moving average of $49.98 and a two-hundred day simple moving average of $50.66. Omega Flex, Inc. has a 52 week low of $43.86 and a 52 week high of $85.92.

Omega Flex Dividend Announcement

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

Omega Flex 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.