Schwerin Boyle Capital Management Inc Lowers stake in Omega Flex (OFLX)

Omega Flex (OFLX) : Schwerin Boyle Capital Management Inc reduced its stake in Omega Flex by 0.91% during the most recent quarter end. The investment management company now holds a total of 328,290 shares of Omega Flex which is valued at $11,522,979 after selling 3,000 shares in Omega Flex , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Omega Flex makes up approximately 1.58% of Schwerin Boyle Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Spark Investment Management sold out all of its stake in OFLX during the most recent quarter. The investment firm sold 7,100 shares of OFLX which is valued $249,210.

Omega Flex opened for trading at $38.2822 and hit $38.52 on the upside on Thursday, eventually ending the session at $38.48, with a gain of 0.50% or 0.19 points. The heightened volatility saw the trading volume jump to 1,898 shares. Company has a market cap of $388 M.

Omega Flex Inc. is engaged in the manufacture and sale of metal hose and accessories. The Company serves various markets including construction manufacturing transportation petrochemical and pharmaceutical among others. Its primary product flexible gas piping is used for gas piping within residential and commercial buildings. The Company’s TracPipe and TracPipe CounterStrike flexible gas piping along with fittings are distributed under the brand names AutoSnap and AutoFlare. The Company’s products are manufactured at its Exton Pennsylvania facilities in the United States and in Banbury Oxfordshire in the United Kingdom. Its CounterStrike is resistant to damage from transient electrical arcing. Its CounterStrike CSST is electrically conductive and therefore disperses the energy of electrical charge over the entire surface of the CounterStrike line. Its DoubleTrac double containment piping contains and conveys automotive fuels.

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