BlackRock Inc. Acquires 24,418 Shares of Omega Flex, Inc. (OFLX)

BlackRock Inc. boosted its holdings in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,519 shares of the industrial products company’s stock after acquiring an additional 24,418 shares during the period. BlackRock Inc. owned 1.69% of Omega Flex worth $13,489,000 at the end of the most recent reporting period.

Separately, Schwab Charles Investment Management Inc. lifted its position in Omega Flex by 21.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,130 shares of the industrial products company’s stock valued at $1,989,000 after acquiring an additional 4,374 shares during the period. 25.83% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Omega Flex from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 10th.

Shares of NASDAQ OFLX opened at $60.50 on Thursday. Omega Flex, Inc. has a 1 year low of $53.50 and a 1 year high of $95.00. The stock has a market cap of $598.85 million, a P/E ratio of 32.14 and a beta of 0.94.

Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings results on Thursday, October 18th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter. Omega Flex had a net margin of 17.39% and a return on equity of 31.55%. The company had revenue of $27.20 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Friday, September 21st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%.

About Omega Flex

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

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