Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.87 and traded as low as $37.60. Omega Flex shares last traded at $38.52, with a volume of 12,873 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Omega Flex from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.
Get Our Latest Stock Analysis on OFLX
Omega Flex Trading Down 1.4 %
The stock has a market cap of $382.61 million, a price-to-earnings ratio of 20.95 and a beta of 0.38. The firm's 50-day moving average is $41.43 and its two-hundred day moving average is $46.56.
Omega Flex Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th were given a $0.34 dividend. The ex-dividend date was Thursday, December 19th. This represents a $1.36 annualized dividend and a dividend yield of 3.59%. Omega Flex's dividend payout ratio (DPR) is presently 75.14%.
Institutional Trading of Omega Flex
Several large investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Omega Flex by 2.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,075,240 shares of the industrial products company's stock worth $45,128,000 after purchasing an additional 24,466 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Omega Flex by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,717 shares of the industrial products company's stock worth $10,145,000 after buying an additional 1,421 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Omega Flex by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 90,131 shares of the industrial products company's stock worth $3,783,000 after buying an additional 769 shares in the last quarter. Wells Fargo & Company MN boosted its position in Omega Flex by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 75,279 shares of the industrial products company's stock worth $3,159,000 after acquiring an additional 9,311 shares during the last quarter. Finally, State Street Corp grew its stake in Omega Flex by 3.4% during the 3rd quarter. State Street Corp now owns 74,196 shares of the industrial products company's stock valued at $3,729,000 after acquiring an additional 2,433 shares in the last quarter. 36.06% of the stock is currently owned by hedge funds and other institutional investors.
Omega Flex Company Profile
(
Get 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.
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