Los Angeles Capital Administration LLC bought a brand new stake in shares of Omega Flex, Inc. (NASDAQ:OFLX – Free Report) within the second quarter, in keeping with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor bought 5,290 shares of the economic merchandise firm’s inventory, valued at roughly $271,000. Los Angeles Capital Administration LLC owned 0.05% of Omega Flex on the finish of the latest reporting interval.
Plenty of different hedge funds additionally not too long ago purchased and offered shares of OFLX. Benjamin F. Edwards & Firm Inc. purchased a brand new stake in Omega Flex throughout the first quarter valued at about $30,000. SYSTM Wealth Options LLC purchased a brand new stake in Omega Flex throughout the first quarter valued at about $124,000. State Board of Administration of Florida Retirement System acquired a brand new place in shares of Omega Flex throughout the first quarter valued at about $128,000. EntryPoint Capital LLC raised its place in shares of Omega Flex by 577.5% throughout the first quarter. EntryPoint Capital LLC now owns 1,836 shares of the economic merchandise firm’s inventory valued at $130,000 after shopping for a further 1,565 shares over the last quarter. Lastly, Norden Group LLC acquired a brand new place in shares of Omega Flex throughout the first quarter valued at about $249,000. 36.06% of the inventory is at present owned by institutional buyers.
Omega Flex Inventory Efficiency
Shares of OFLX opened at $50.23 on Monday. The corporate has a 50-day easy transferring common of $48.73 and a 200-day easy transferring common of $59.02. The agency has a market capitalization of $506.82 million, a P/E ratio of 26.44 and a beta of 0.40. Omega Flex, Inc. has a 52 week low of $43.86 and a 52 week excessive of $87.86.
Omega Flex (NASDAQ:OFLX – Get Free Report) final introduced its quarterly earnings information on Wednesday, July thirty first. The commercial merchandise firm reported $0.45 EPS for the quarter. The enterprise had income of $24.62 million throughout the quarter. Omega Flex had a web margin of 18.18% and a return on fairness of 24.24%.
Omega Flex Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which can be paid on Tuesday, October eighth. Buyers of document on Thursday, September twenty sixth can be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of two.71%. The ex-dividend date is Thursday, September twenty sixth. Omega Flex’s dividend payout ratio (DPR) is presently 71.58%.
Wall Avenue Analysts Forecast Development
Individually, StockNews.com raised shares of Omega Flex from a “maintain” score to a “purchase” score in a analysis report on Friday, August ninth.
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Omega Flex Firm Profile
Omega Flex, Inc, along with its subsidiaries, manufactures and sells versatile metallic hoses and equipment in North America and internationally. It affords versatile gasoline piping to be used in residential and industrial buildings; fittings; containment pining; and corrugated medical tubing to be used in hospitals, ambulatory care facilities, dental, doctor and veterinary clinics, laboratories, and different services.
Additional Studying
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