Barclays PLC Has $323,000 Stake in Omega Flex, Inc. (NASDAQ:OFLX)

Barclays PLC grew its position in shares of Omega Flex, Inc. (NASDAQ:OFLXFree Report) by 405.9% in the 3rd quarter, Holdings Channel reports. The firm owned 6,450 shares of the industrial products company’s stock after acquiring an additional 5,175 shares during the quarter. Barclays PLC’s holdings in Omega Flex were worth $323,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its holdings in Omega Flex by 196.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,236 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 819 shares during the period. American Century Companies Inc. increased its stake in shares of 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 valued at $257,000 after acquiring an additional 1,673 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Omega Flex in the second quarter worth $271,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Omega Flex during the 2nd quarter valued at $278,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Omega Flex during the 3rd quarter worth $298,000. Institutional investors own 36.06% of the company’s stock.

Omega Flex Trading Up 0.7 %

Shares of NASDAQ OFLX opened at $41.30 on Friday. The stock’s 50-day moving average is $47.94 and its 200 day moving average is $48.97. The stock has a market cap of $416.72 million, a price-to-earnings ratio of 22.82 and a beta of 0.39. Omega Flex, Inc. has a 1-year low of $40.38 and a 1-year high of $76.50.

Omega Flex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, December 19th. Omega Flex’s payout ratio is 75.14%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on OFLX

About Omega Flex

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Flex, Inc. (NASDAQ:OFLXFree Report).

Institutional Ownership by Quarter for Omega Flex (NASDAQ:OFLX)

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