Omega Flex, Inc. (NASDAQ:OFLX) Holdings Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in Omega Flex, Inc. (NASDAQ:OFLX) by 182.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,986 shares of the industrial products company’s stock after buying an additional 11,614 shares during the period. Schwab Charles Investment Management Inc. owned about 0.18% of Omega Flex worth $1,293,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OFLX. Swiss National Bank acquired a new position in shares of Omega Flex during the second quarter valued at $328,000. Vanguard Group Inc. boosted its holdings in shares of Omega Flex by 5.7% during the second quarter. Vanguard Group Inc. now owns 134,937 shares of the industrial products company’s stock valued at $8,690,000 after acquiring an additional 7,257 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Omega Flex by 33.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 815,945 shares of the industrial products company’s stock valued at $58,618,000 after acquiring an additional 204,802 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Omega Flex by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 248,617 shares of the industrial products company’s stock valued at $16,011,000 after purchasing an additional 6,416 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Omega Flex by 12.4% during the second quarter. State Street Corp now owns 47,542 shares of the industrial products company’s stock valued at $3,058,000 after purchasing an additional 5,229 shares in the last quarter. Institutional investors and hedge funds own 24.22% of the company’s stock.

Shares of Omega Flex, Inc. (OFLX) traded up $1.89 during trading on Wednesday, reaching $56.91. 10,695 shares of the company’s stock traded hands, compared to its average volume of 12,271. Omega Flex, Inc. has a 12-month low of $41.87 and a 12-month high of $76.63. The company has a market capitalization of $561.10, a PE ratio of 35.87 and a beta of 1.01.

Separately, BidaskClub cut shares of Omega Flex from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th.

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Omega Flex 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.

Institutional Ownership by Quarter for Omega Flex (NASDAQ:OFLX)

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