Why Kayne Anderson Rudnick Investment Management Llc Reported Omega Flex, Inc Position?

February 14, 2018 - By Marie Mckinney

 Why Kayne Anderson Rudnick Investment Management Llc Reported Omega Flex, Inc Position?

Investors sentiment increased to 1.41 in 2017 Q3. Its up 0.06, from 1.35 in 2017Q2. It increased, 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.

Paradigm Asset Co Ltd Liability stated it has 400 shares or 0.01% of all its holdings. Financial Bank Of Mellon invested in 14,051 shares or 0% of the stock. Ranger Invest Management Ltd Partnership owns 0.22% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 41,140 shares. Royal Savings Bank Of Canada invested in 206 shares. 296,140 were reported by Schwerin Boyle Cap. Ameritas Inv Inc owns 248 shares or 0% of their US portfolio. 110 were accumulated by Envestnet Asset Mgmt. Wells Fargo & Mn invested in 0% or 6,839 shares. Nationwide Fund has 0% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 1,504 shares. Tiaa Cref Investment Mgmt Ltd Company invested in 0% or 8,225 shares. Morgan Stanley has invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Blackrock has 142,985 shares for 0% of their portfolio. Manufacturers Life The accumulated 2,679 shares. Us Bankshares De has invested 0% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX). 30 are held by Next Grp Incorporated.

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, Inc. – A Market Leader You’ve Never Heard Of” on February 08, 2016, also Globenewswire.com with their article: “Omega Flex, Inc. Announces 1st Quarter 2017 Earnings” published on April 20, 2017, Nasdaq.com published: “Omega Flex, Inc. (OFLX) Ex-Dividend Date Scheduled for December 22, 2017” on December 21, 2017. More interesting news about Omega Flex, Inc. (NASDAQ:OFLX) were released by: Globenewswire.com and their article: “Omega Flex, Inc. Announces Third Quarter 2017 Earnings” published on October 19, 2017 as well as Globenewswire.com‘s news article titled: “Omega Flex, Inc. Announces Fourth Quarter 2017 Earnings” with publication date: February 08, 2018.

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