Marshall Wace LLP Buys 13,999 Shares of Omega Flex, Inc. (NASDAQ:OFLX)

Marshall Wace LLP raised its stake in shares of Omega Flex, Inc. (NASDAQ:OFLX - Free Report) by 207.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,759 shares of the industrial products company's stock after purchasing an additional 13,999 shares during the quarter. Marshall Wace LLP owned about 0.21% of Omega Flex worth $1,065,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Benjamin F. Edwards & Company Inc. purchased a new position in Omega Flex in the 1st quarter worth approximately $30,000. State Board of Administration of Florida Retirement System acquired a new stake in Omega Flex during the 1st quarter worth approximately $128,000. EntryPoint Capital LLC raised its stake in shares of Omega Flex by 577.5% during the 1st quarter. EntryPoint Capital LLC now owns 1,836 shares of the industrial products company's stock worth $130,000 after buying an additional 1,565 shares in the last quarter. Norden Group LLC purchased a new position in Omega Flex in the 1st quarter valued at approximately $249,000. Finally, American Century Companies Inc. lifted its holdings in shares of 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 valued at $257,000 after purchasing an additional 1,673 shares in the last quarter. 36.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Omega Flex from a "hold" rating to a "buy" rating in a research note on Friday, August 9th.

Omega Flex Stock Down 1.9 %

OFLX stock traded down $0.91 during trading on Tuesday, hitting $48.11. 11,645 shares of the company's stock traded hands, compared to its average volume of 21,381. The stock has a market capitalization of $485.43 million, a price-to-earnings ratio of 25.32 and a beta of 0.39. Omega Flex, Inc. has a 52 week low of $43.86 and a 52 week high of $85.92. The stock has a fifty day moving average price of $48.10 and a two-hundred day moving average price of $56.58.

Omega Flex (NASDAQ:OFLX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.45 EPS for the quarter. Omega Flex had a net margin of 18.18% and a return on equity of 24.24%. The firm had revenue of $24.62 million during the quarter.

Omega Flex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.83%. Omega Flex's dividend payout ratio (DPR) is presently 71.58%.

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.