Nine Ten Capital Management LLC lowered its stake in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,512 shares of the industrial products company’s stock after selling 44,021 shares during the period. Omega Flex makes up 5.3% of Nine Ten Capital Management LLC’s portfolio, making the stock its 7th biggest position. Nine Ten Capital Management LLC’s holdings in Omega Flex were worth $15,318,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Omega Flex by 22.1% during the second quarter. Wells Fargo & Company MN now owns 2,207 shares of the industrial products company’s stock worth $142,000 after buying an additional 399 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Omega Flex by 88.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,744 shares of the industrial products company’s stock worth $177,000 after buying an additional 1,289 shares during the last quarter. GSA Capital Partners LLP bought a new position in Omega Flex during the third quarter worth about $201,000. Citadel Advisors LLC bought a new position in Omega Flex during the third quarter worth about $211,000. Finally, Strs Ohio boosted its holdings in Omega Flex by 9.7% during the fourth quarter. Strs Ohio now owns 10,200 shares of the industrial products company’s stock worth $728,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 31.89% of the company’s stock.
Omega Flex, Inc. (OFLX) opened at $63.50 on Tuesday. The company has a current ratio of 3.51, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. Omega Flex, Inc. has a 1-year low of $41.87 and a 1-year high of $76.63. The stock has a market capitalization of $629.02, a PE ratio of 40.21 and a beta of 1.08.
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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.
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