Nine Ten Capital Management Lowers stake in Omega Flex (OFLX)

Omega Flex (OFLX) : Nine Ten Capital Management reduced its stake in Omega Flex by 3.05% during the most recent quarter end. The investment management company now holds a total of 514,965 shares of Omega Flex which is valued at $18,075,272 after selling 16,177 shares in Omega Flex , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Omega Flex makes up approximately 6.31% of Nine Ten Capital Management’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) reduced its stake in OFLX by selling 243 shares or 68.07% in the most recent quarter. The Hedge Fund company now holds 114 shares of OFLX which is valued at $4,001.Dimensional Fund Advisors Lp reduced its stake in OFLX by selling 399 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 260,421 shares of OFLX which is valued at $9,213,695. Omega Flex makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Kayne Anderson Rudnick Investment Management boosted its stake in OFLX in the latest quarter, The investment management firm added 93,613 additional shares and now holds a total of 334,918 shares of Omega Flex which is valued at $11,849,399. Omega Flex makes up approx 0.17% of Kayne Anderson Rudnick Investment Management’s portfolio. Smithfield Trust Co added OFLX to its portfolio by purchasing 546 company shares during the most recent quarter which is valued at $18,624.Eqis Capital Management boosted its stake in OFLX in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 11,888 shares of Omega Flex which is valued at $425,947. Omega Flex makes up approx 0.03% of Eqis Capital Management’s portfolio.

Omega Flex opened for trading at $35.52 and hit $36.6684 on the upside on Friday, eventually ending the session at $36.33, with a gain of 1.76% or 0.63 points. The heightened volatility saw the trading volume jump to 3,984 shares. Company has a market cap of $367 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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