Neuberger Berman Group LLC Has $4.78 Million Holdings in Omega Flex, Inc. (NASDAQ:OFLX)

Neuberger Berman Group LLC trimmed its position in Omega Flex, Inc. (NASDAQ:OFLX - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,940 shares of the industrial products company's stock after selling 85,875 shares during the period. Neuberger Berman Group LLC owned approximately 1.13% of Omega Flex worth $4,782,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OFLX. Renaissance Technologies LLC increased its stake in shares of Omega Flex by 0.8% during the 4th quarter. Renaissance Technologies LLC now owns 52,680 shares of the industrial products company's stock valued at $2,211,000 after acquiring an additional 400 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Omega Flex by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 90,131 shares of the industrial products company's stock valued at $3,783,000 after buying an additional 769 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Omega Flex by 13.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,776 shares of the industrial products company's stock worth $284,000 after buying an additional 804 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Omega Flex by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,295 shares of the industrial products company's stock worth $1,188,000 after buying an additional 911 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Omega Flex by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 27,952 shares of the industrial products company's stock valued at $1,395,000 after acquiring an additional 932 shares during the period. 36.06% of the stock is owned by hedge funds and other institutional investors.

Omega Flex Trading Down 1.2 %

NASDAQ:OFLX traded down $0.36 on Thursday, reaching $29.65. The stock had a trading volume of 4,474 shares, compared to its average volume of 24,734. Omega Flex, Inc. has a 12-month low of $29.01 and a 12-month high of $69.00. The stock has a market cap of $299.24 million, a P/E ratio of 16.39 and a beta of 0.38. The company has a 50-day moving average of $36.10 and a 200 day moving average of $42.67.

Omega Flex (NASDAQ:OFLX - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $26.97 million for the quarter. Omega Flex had a return on equity of 22.68% and a net margin of 17.71%.

Omega Flex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.59%. Omega Flex's dividend payout ratio (DPR) is 75.98%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Omega Flex from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th.

Omega Flex Profile

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.