Jane Street Group LLC Has $270,000 Stock Holdings in Omega Flex, Inc. (NASDAQ:OFLX)

Jane Street Group LLC cut its stake in Omega Flex, Inc. (NASDAQ:OFLX - Free Report) by 64.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,429 shares of the industrial products company's stock after selling 11,546 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Omega Flex worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norden Group LLC acquired a new position in Omega Flex during the fourth quarter worth $243,000. Barclays PLC raised its stake in shares of Omega Flex by 10.0% in the 4th quarter. Barclays PLC now owns 7,098 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 648 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Omega Flex by 14.6% in the 4th quarter. American Century Companies Inc. now owns 7,327 shares of the industrial products company's stock valued at $308,000 after acquiring an additional 933 shares in the last quarter. Trexquant Investment LP lifted its holdings in Omega Flex by 41.2% in the 4th quarter. Trexquant Investment LP now owns 7,488 shares of the industrial products company's stock worth $314,000 after purchasing an additional 2,186 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Omega Flex by 13.0% during the fourth quarter. Marshall Wace LLP now owns 12,851 shares of the industrial products company's stock worth $539,000 after purchasing an additional 1,474 shares during the period. 36.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Omega Flex from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Omega Flex Trading Up 1.0%

OFLX traded up $0.32 during trading on Friday, hitting $31.81. The stock had a trading volume of 34,418 shares, compared to its average volume of 25,829. The firm has a market cap of $321.09 million, a PE ratio of 17.57 and a beta of 0.36. Omega Flex, Inc. has a 12 month low of $28.12 and a 12 month high of $61.62. The company has a 50 day simple moving average of $31.78 and a 200-day simple moving average of $37.88.

Omega Flex (NASDAQ:OFLX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.35 earnings per share for the quarter. Omega Flex had a return on equity of 22.68% and a net margin of 17.71%. The business had revenue of $23.33 million during the quarter.

Omega Flex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Thursday, April 10th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.36 annualized dividend and a yield of 4.28%. Omega Flex's payout ratio is 79.07%.

About Omega Flex

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.