Kayne Anderson Rudnick Investment Management Llc Opened Huge Omega Flex, Inc Position

February 14, 2018 - By Michael Collier

 Kayne Anderson Rudnick Investment Management Llc Opened Huge Omega Flex, Inc Position

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.06, from 1.35 in 2017Q2. It improved, as 3 investors sold Omega Flex, Inc. shares while 14 reduced holdings. 7 funds opened positions while 17 raised stakes. 2.17 million shares or 11.41% more from 1.95 million shares in 2017Q2 were reported.

Schwab Charles Investment Management Inc accumulated 17,986 shares. Dimensional Fund Advisors Limited Partnership, a Texas-based fund reported 251,875 shares. Renaissance Tech Limited Liability Company reported 14,900 shares or 0% of all its holdings. New York State Common Retirement Fund, New York-based fund reported 3,600 shares. Schwerin Boyle Capital Mngmt Inc holds 2.4% or 296,140 shares in its portfolio. Neuberger Berman Grp Incorporated Limited owns 20,977 shares. Barclays Public Limited Liability Co holds 0% or 67 shares in its portfolio. Northern Tru Corporation has 0% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 49,862 shares. 110 are owned by Envestnet Asset Mngmt. Moreover, Denali Advsrs Lc has 0% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 72 shares. Legal General Grp Inc Public Ltd Limited Liability Company invested in 0% or 609 shares. Panagora Asset Mgmt holds 0% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 2,000 shares. Gsa Cap Ptnrs Limited Liability Partnership holds 0.01% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 2,800 shares. Amer Int has invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Eqis Mngmt stated it has 0.04% in Omega Flex, Inc. (NASDAQ:OFLX).

The New Kayne Anderson Rudnick Investment Management Llc Holding in Omega Flex, Inc

Kayne Anderson Rudnick Investment Management Llc reported SC 13G form with the SEC for Omega Flex, Inc. Access it here: 000114036118007076. As reported by Kayne Anderson Rudnick Investment Management Llc, the filler owns 9.33% or 942,026 shares of the Industrials–company.

Omega Flex, Inc stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Kayne Anderson Rudnick Investment Management Llc’s positive view for Omega Flex, Inc. For a institutional investor managing $9.04 billion in assets and having 72+ experts this is interesting position.

Omega Flex, Inc Institutional Sentiment

Filings show 47 investors own Omega Flex, Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 4412066. 5870860 were owned by these investors. 7 funds opened new Omega Flex, Inc stakes, 15 increased positions. There were 6 that closed positions and 14 reduced them.

Kayne Anderson Rudnick Investment Management Llc is an investor bullish on Omega Flex, Inc, owning 183365 shares as of Q3 2015 for 0.10% of its portfolio. Ativo Capital Management Llc owns 14206 shares or 0.15% of its portfolio. PA Hunter Associates Inc have 1.60% of its portfolio for 101795 shares. Further, Walthausen & Company reported stake worth 0.03% of its portfolio. The MA Schwerin Boyle Capital Management Inc owns 348290 shares. Omega Flex, Inc is 1.67% of its portfolio.

Business Profile

Omega Flex, Inc. is a manufacturer of flexible metal hose. The Company is engaged in a range of different markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical and other industries. It operates through manufacture and sale of flexible metal hose and accessories segment. Its products are concentrated in residential and commercial construction, and general industrial markets. Its primary product, flexible gas piping, is used for gas piping within residential and commercial buildings. Its TracPipe and TracPipe CounterStrike flexible gas piping, along with its fittings, which are distributed under AutoSnap and AutoFlare names. Its products are manufactured at its Exton, Pennsylvania facilities in the United States, and in Banbury, Oxfordshire in the United Kingdom. It has sales across all industries are generated through independent outside sales organizations, such as sales representatives, wholesalers and distributors or a combination of both.

SEC Form 13G.

Kayne Anderson Rudnick Investment Management Llc website.

The stock decreased 1.04% or $0.58 during the last trading session, reaching $55.02. About 9,834 shares traded. Omega Flex, Inc. (NASDAQ:OFLX) has risen 82.58% since February 14, 2017 and is uptrending. It has outperformed by 65.88% the S&P500.

Omega Flex, Inc., together with its subsidiaries, makes and sells flexible metal hoses and accessories in the United States and internationally. The company has market cap of $555.25 million. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings. It has a 36.25 P/E ratio. The firm sells its products under the TracPipe, CounterStrike, AutoFlare, DoubleTrac, DEF-Trac, SolarTrac, and AutoSnap brand names.

More notable recent Omega Flex, Inc. (NASDAQ:OFLX) news were published by: Seekingalpha.com which released: “Omega Flex: The Story Continues To Play Out” on November 03, 2014, also Globenewswire.com with their article: “Omega Flex, Inc. Announces Fourth Quarter 2017 Earnings” published on February 08, 2018, Globenewswire.com published: “Omega Flex, Inc. Announces Third Quarter 2017 Earnings” on October 19, 2017. More interesting news about Omega Flex, Inc. (NASDAQ:OFLX) were released by: Seekingalpha.com and their article: “Omega Flex, Inc. – A Market Leader You’ve Never Heard Of” published on February 08, 2016 as well as Globenewswire.com‘s news article titled: “Omega Flex, Inc. Announces 1st Quarter 2017 Earnings” with publication date: April 20, 2017.

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