Latest news for Omega Flex (NASDAQ:OFLX) Stock

Omega Flex

Omega Flex Inc is a manufacturer of flexible metal hoses, which is used in a variety of ways to carry gases and liquids within their particular applications. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, DEF-Trac and MediTrac brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

APLD

DOGZ

FUFU

MNMD

MRNO

Nuveen California Dividend Advantage Municipal Fund 2

OFLX

RBLX

RVMD

TSHA

U.S. stocks were lower, with the Dow Jones index falling over 300 points on Wednesday.

Roblox, TAL Education And Other Big Stocks Moving Higher On Wednesday

Short Ideas

Pre-Market Outlook

PRLB

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

Top 5 Industrials Stocks That Should Keep You Up At Night

DASH

EVER

NMRK

PLTR

SCHW

Investors sometimes believe that they should focus almost exclusively on what is going on with a company to inform their investment decisions and not pay much attention to the macro environment. This approach may work at times but can be detrimental when the macro environment is in a state of flux, where entire economies or industries might be impacted by the prevailing winds of change.

Insider Weekends: Déjà Vu

Omega Flex Inc

WIIM

ALSN

ASTE

ATMU

CMCO

CVGI

EPAC

FELE

GTES

GTLS

LECO

NDSN

PCAR

PKOH

PLOW

SHYF

SPXC

TAYD

Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Earnings

Omega Flex Q3 2024 EPS $0.46 Per Share Vs $0.55 YoY; Revenue $24.88M

Omega Flex Q2 Revenue $24.62M; EPS $0.45 Per Share

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.42 per share. This is a 26.32 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $25.22 million in sales this quarter. This is a 15.91 percent decrease over sales of $29.99 million the same period last year.

Omega Flex Q1 EPS $0.42 Down From $0.57 YoY, Sales $25.22M Down From $29.99M YoY

U.S. stocks were lower, with the Dow Jones index falling over 300 points on Wednesday.
Shares of Roblox Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rblx#NYSE">RBLX</a>) rose during Wednesday&rsquo;s session following reports the company has ramped up efforts to attract advertisers to its platform and made other moves to <a href="https://www.benzinga.com/news/24/04/38182117/whats-going-on-with-roblox-stock-wednesday">boost advertising sales</a>.
Roblox shares gained 2.6% to $40.10 on Wednesday.
Here are some other big stocks recording gains&nbsp;in today&rsquo;s session.
<ul>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) shares jumped 22.9% to $8.48.</li>
<li>Murano Global Investments Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrno#NASDAQ">MRNO</a>) gained 13.6% to $11.70.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) rose 11.8% to $7.11. International Star Inc. appointed Todd Masse as new CEO.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsha#NASDAQ">TSHA</a>) jumped 10.1% to $3.26. Piper Sandler recently initiated coverage on the stock with an Overweight rating and a price target of $9.</li>
<li>Revolution Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvmd#NASDAQ">RVMD</a>) gained 8.4% to $35.76.</li>
<li>Mind Medicine (MindMed) Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnmd#NASDAQ">MNMD</a>) jumped 7.7% to $10.82.</li>
<li>Applied Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apld#NASDAQ">APLD</a>) shares rose 6.4% to $3.0350. Applied Digital has moved its fiscal third quarter 2024 earnings conference call to April 11, 2024, at 5:00 p.m. ET.</li>
<li>Omega Flex, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oflx#NASDAQ">OFLX</a>) gained 6.2% to $75.14.</li>
<li>NOVONIX Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NASDAQ">NVX</a>) surged 6% to $2.8189.</li>
<li>ICZOOM Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/izm#NASDAQ">IZM</a>) rose 5.7% to $35.20.</li>
<li>BitFuFu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fufu#NASDAQ">FUFU</a>) gained 4.7% to $4.18. BitFuFu is expected to release its financial results for the full year ended Dec. 31, 2023, on April 11, 2024 before the opening bell.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) rose 4.6% to $11.93. TAL Education Group is expected to release its unaudited financial results for the fourth quarter and fiscal year 2024 ended Feb. 29, 2024 on April 25, 2024.</li>
<li>GrafTech International Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eaf#NYSE">EAF</a>) jumped 3.7% to $1.68.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38176517/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q1-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q1 Earnings Report</a>

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.48 per share. This is a 21.31 percent decrease over earnings of $0.61 per share from the same period last year. The company reported $28.15 million in sales this quarter. This is a 8.66 percent decrease over sales of $30.82 million the same period last year.

Omega Flex Q4 EPS $0.48 Down From $0.61 YoY, Sales $28.15M Down From $30.82M YoY

Revealing a significant insider sell on February 29, Edwin Moran, President at Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001317945/000131794524000001//Archives/edgar/data/1317945/000131794524000001/0001317945-24-000001-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Moran sold 750 shares of Omega Flex. The total transaction value is $52,942.
As of Thursday morning, Omega Flex shares are down by 0.0%, currently priced at $70.59.
<h3>About Omega Flex</h3>
Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.
<h3>Omega Flex: Financial Performance Dissected</h3>
Revenue Growth: Omega Flex's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -13.07%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 61.63%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Omega Flex exhibits below-average bottom-line performance with a current EPS of 0.55.
</li>
</ul>
Debt Management: Omega Flex's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: Omega Flex's P/E ratio of 32.38 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.24 is above industry norms, reflecting an elevated valuation for Omega Flex's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 23.82 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Activity Matters in Finance</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001317945">Check Out The Full List Of Omega Flex's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sell Alert: Edwin Moran Cashes Out $52K In Omega Flex Stock

We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders. &nbsp;
In addition, on the recommendation of the Nominating/Governance Committee, our Board unanimously approved the following organizational changes, effective January 1, 2024:
<ul>
<li>Kevin R. Hoben will be Executive Chairman of Omega Flex, Inc.</li>
<li>Dean W. Rivest will replace Mr. Hoben as Chief Executive Officer of Omega Flex, Inc., reporting to Mr. Hoben.</li>
<li>Edwin B. Moran will replace Mr. Rivest as President of Omega Flex, Inc., also reporting to Mr. Hoben.</li>
<li>Susan B. Asch will be promoted to be a Vice President of Omega Flex, Inc., in addition to serving as its General Counsel and Corporate Secretary, reporting to Mr. Rivest.</li>
<li>David R. Edler will be promoted from Director - MediTrac, to Vice President and General Manager – MediTrac, reporting to Mr. Rivest. &nbsp;</li>
</ul>
These changes are a continuation of the successful transition to a new generation of management. Our management team also includes Matthew F. Unger (Vice President – Finance &amp; Chief Financial Officer and Treasurer), Robert Haines (Vice President) – FGP Commercial Markets, Geraldine Glazer (Vice President – Human Resources), Daniel Hrynkow (Vice President – Materials Management), and James Upchurch (Vice President – Manufacturing). The team has deep industry and professional experience and is full of energy, optimism, and drive.
Dean Rivest said, "We are grateful to Kevin for his continuing service as Chairman of our Board since 2019, and his service as our Chief Executive Officer since 2007. Kevin, along with Mark Albino who retired last year as our President and Chief Operating Officer, were instrumental in the strength and growth of the company and visionaries in the development of gas tubing. I am honored to assume the role of Chief Executive Officer and to join our Board. I also congratulate Ed, Susan, and Dave on their promotions."
Kevin Hoben added, "I could not be more pleased with the progress we have made to implement best practices in our organizational development and succession management. I have the utmost confidence in our management team and our Board to drive our further short and long-term needs for the success of our exceptional business."

Management

Omega Flex, Inc. Board and Organizational Changes; Kevin R. Hoben Will Be Executive Chairman Of The Co; Dean W. Rivest Will Replace Mr. Hoben As Chief Executive Officer; Edwin B. Moran Will Replace Mr. Rivest As President, Effective January 1, 2024

Friday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 33 cents per share. On Monday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own OFLX as of the end of Friday's session are eligible to receive the 33 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 04, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Omega Flex: Dividend Insights

Thursday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 33 cents per share. On Friday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own OFLX as of the end of Thursday's session are eligible to receive the 33 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 06, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Omega Flex's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy Omega Flex Before The Dividend Payout

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.45 per share. This is a 16.67 percent decrease over earnings of $0.54 per share from the same period last year. The company reported $25.84 million in sales this quarter. This is a 18.62 percent decrease over sales of $31.75 million the same period last year.

Omega Flex Q2 EPS $0.45 Down From $0.54 YoY, Sales $25.84M Down From $31.75M YoY

Thursday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 33 cents per share. On Friday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own OFLX as of the end of Thursday's session are eligible to receive the 33 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on July 07, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Omega Flex's Ex-Dividend Date Is Friday, Here's What You Need To Know

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.57 per share. This is a 5.56 percent increase over earnings of $0.54 per share from the same period last year. The company reported $29.99 million in sales this quarter. This is a 4.17 percent decrease over sales of $31.29 million the same period last year.

Omega Flex Q1 EPS $0.57 Up From $0.54 YoY, Sales $29.99M Down From $31.29M YoY

Wednesday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 32 cents per share. On Thursday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 32 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own OFLX as of the end of Wednesday's session are eligible to receive the 32 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on April 24, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Omega Flex's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Omega Flex's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.61 per share. This is a 18.67 percent decrease over earnings of $0.75 per share from the same period last year. The company reported $30.82 million in sales this quarter. This is a 13.09 percent decrease over sales of $35.46 million the same period last year.

Omega Flex Q4 EPS $0.61 Down From $0.75 YoY, Sales $30.82M Down From $35.46M YoY

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Terex Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tex#NYSE">TEX</a>)</h3>
<ul>
<li>Terex reported better-than-expected Q4 EPS and sales results. &ldquo;The fourth quarter marked an excellent finish to a strong year for Terex. We successfully navigated complex global macro dynamics to deliver significant revenue and earnings growth,&rdquo; said Terex Chairman and Chief Executive Officer John L. Garrison, Jr. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/TEX">52-week high of $57.48 </a>.</li>
<li>RSI Value: 83.61</li>
<li>TEX Price Action: Shares of Terex gained 5.8% to close at $57.47 on Monday and added 0.3% in after-hours trading.</li>
</ul>
<h3>Global Industrial Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gic#NYSE">GIC</a>)</h3>
<ul>
<li>Global Industrial, during November, reported worse-than-expected Q3 EPS and sales results. The company&rsquo;s <a href="https://www.benzinga.com/quote/GIC"> stock has a 52-week high </a> of $37.32.</li>
<li>RSI Value: 72.75</li>
<li>GIC Price Action: Shares of Global Industrial gained 5.1% to close at $29.17 on Monday.</li>
</ul>
<h3>Park Aerospace Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pke#NYSE">PKE</a>)</h3>
<ul>
<li>Park Aerospace recently raised quarterly dividend from $0.10/share to $0.125/share. The company also declared a special dividend of $1.00/share payable Apr. 6, 2023. The company has a <a href="https://www.benzinga.com/quote/PKE"> 52-week high </a> of $15.93.</li>
<li>RSI Value: 76.10</li>
<li>PKE Price Action: Shares of Park Aerospace gained 4.4% to close at $15.81 on Monday.</li>
</ul>
<h3>Proto Labs, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>)</h3>
<ul>
<li>Proto Labs recently reported better-than-expected Q4 adjusted EPS and sales results. &quot;In a challenging economic environment, impacted by inflation, slowing growth and continued supply chain challenges, our Protolabs and Hubs teams continued to delight our customers as together we build the most comprehensive digital manufacturing <a href="https://www.benzinga.com/quote/PRLB"> capabilities in the world,&quot;</a> said Rob Bodor, President and Chief Executive Officer. The company&rsquo;s 52-week high is $59.44.</li>
<li>RSI Value: 71.84</li>
<li>PRLB Price Action: Shares of Proto Labs fell 0.6% to close at $34.23 on Monday and added 4.6% in after-hours trading.</li>
</ul>
<h3>Omega Flex, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oflx#NASDAQ">OFLX</a>)</h3>
<ul>
<li>Omega Flex, during October, posted a rise in quarterly earnings. The company <a href="https://www.benzinga.com/quote/OFLX"> has a 52-week high </a> of $156.70.</li>
<li>RSI Value: 70.70</li>
<li>OFLX Price Action: Shares of Omega Flex gained 3.6% to settle at $117.12 on Monday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/23/02/30877143/benzingas-most-accurate-analysts-say-hold-these-3-real-estate-stocks-delivering-high-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Real Estate Stocks Delivering High-Dividend Yields </a>

Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>) reported quarterly earnings of $0.65 per share. This is a 6.56 percent increase over earnings of $0.61 per share from the same period last year.

Omega Flex Q3 EPS $0.65 Up From $0.61 YoY

Monday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 32 cents per share. On Tuesday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 32 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own OFLX as of the end of Monday's session are eligible to receive the 32 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 24, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Omega Flex's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Mark F Albino, Board Member at Omega Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFLX#NASDAQ">OFLX</a>), reported a large insider sell on August 19, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001317945/000131780722000018//Archives/edgar/data/1317945/000131780722000018/0001317807-22-000018-index.htm">U.S. Securities and Exchange Commission</a> on Friday showed that Albino sold 2,703 shares of Omega Flex. The total transaction amounted to $324,437.
Omega Flex shares are trading up 0.48% at $120.5 at the time of this writing on Friday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn&#39;t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an &quot;insider&quot; refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001317945">Check Out The Full List Of Omega Flex&#39;s Insider Trades.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Board Member Of Omega Flex Makes $324K Sale

AGCO

CMRE

CNHI

COMS

EDRY

EGLE

GFAI

GOGL

Grindrod Shipping Holdings Ltd Ordinary Shares

GRIN

HEES

HUBB

MATX

SBLK

SHIP

Shares of several companies in the broader industrial sector are trading lower amid overall market weakness as stocks continue to fall after the Fed last week indicated it may move more quickly on rate hikes to combat inflation. China's COVID-19 outbreak has also added to global macro uncertainty.

Omega Flex GAAP EPS of $0.45, revenue of $24.62M

Omega Flex declares $0.34 dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of September 22

Omega Flex: Long-Term Buying Opportunity May Be Finally Approaching

Dividend Champion, Contender, And Challenger Highlights: Week Of October 6

Conestoga Capital Advisors Q3 2024 Quarterly Commentary

Omega Flex Q3 GAAP EPS of $0.46, revenue of $24.88M

Dividend Champion, Contender, And Challenger Highlights: Week Of December 15

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Comments

Omega Flex

News

Latest news for Omega Flex (NASDAQ:OFLX) Stock

People Also Watch

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga