Omega Flex (OFLX) Hits New 52-Week High at $96.00
Omega Flex, Inc. (NASDAQ:OFLX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $96.00 and last traded at $94.00, with a volume of 303 shares trading hands. The stock had previously closed at $93.40.
Separately, BidaskClub upgraded Omega Flex from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th.
The company has a market capitalization of $872.86 million, a PE ratio of 43.03 and a beta of 1.08.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, April 18th.
Several institutional investors have recently made changes to their positions in the company. Advisor Group Inc. raised its stake in shares of Omega Flex by 18.3% during the 4th quarter. Advisor Group Inc. now owns 1,203 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 186 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Omega Flex during the 4th quarter worth approximately $46,000. Geode Capital Management LLC raised its stake in shares of Omega Flex by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 46,630 shares of the industrial products company’s stock worth $2,521,000 after purchasing an additional 2,326 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Omega Flex by 26.9% during the 3rd quarter. Wells Fargo & Company MN now owns 11,757 shares of the industrial products company’s stock worth $836,000 after purchasing an additional 2,494 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Omega Flex by 8.3% during the 3rd quarter. Renaissance Technologies LLC now owns 32,494 shares of the industrial products company’s stock worth $2,312,000 after purchasing an additional 2,494 shares in the last quarter. Institutional investors own 27.06% of the company’s stock.
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Omega Flex Company Profile (NASDAQ:OFLX)
Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.
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