Dimensional Fund Advisors LP raised its stake in Omega Flex, Inc. (NASDAQ:OFLX) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,617 shares of the industrial products company’s stock after acquiring an additional 6,416 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.46% of Omega Flex worth $16,011,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OFLX. Strs Ohio lifted its holdings in shares of Omega Flex by 20.3% in the second quarter. Strs Ohio now owns 9,500 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 1,600 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Omega Flex by 4.3% in the second quarter. Neuberger Berman Group LLC now owns 20,968 shares of the industrial products company’s stock worth $1,350,000 after acquiring an additional 867 shares during the last quarter. Swiss National Bank bought a new position in shares of Omega Flex in the second quarter worth about $328,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Omega Flex by 15.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 611,143 shares of the industrial products company’s stock worth $39,358,000 after acquiring an additional 82,455 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Omega Flex by 22.1% in the second quarter. Wells Fargo & Company MN now owns 2,207 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 399 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

Omega Flex, Inc. (OFLX) opened at $64.29 on Friday. The stock has a market cap of $648.81, a P/E ratio of 42.30 and a beta of 1.33. Omega Flex, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $74.55.

Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $24.92 million during the quarter. Omega Flex had a net margin of 15.32% and a return on equity of 30.39%.

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Separately, BidaskClub cut shares of Omega Flex from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th.

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

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