Omega Flex (NASDAQ:OFLX) Director David Evans Acquires 384 Shares

Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report) Director David Evans acquired 384 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $30.64 per share, with a total value of $11,765.76. Following the transaction, the director owned 1,384 shares in the company, valued at $42,405.76. The trade was a 38.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.Omega Flex Stock PerformanceOFLX traded up $1.35 during trading on Friday, reaching $31.86. The company's stock had a trading volume of 30,766 shares, compared to its average volume of 31,191. The company's fifty day moving average price is $28.14 and its 200-day moving average price is $31.66. Omega Flex, Inc. has a 52-week low of $25.58 and a 52-week high of $46.30. The company has a market capitalization of $321.47 million, a price-to-earnings ratio of 20.04 and a beta of 0.40. Omega Flex (NASDAQ:OFLX - Get Free Report) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.37 EPS for the quarter. The firm had revenue of $24.23 million for the quarter. Omega Flex had a net margin of 16.08% and a return on equity of 19.24%. Omega Flex Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th will be given a $0.34 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.3%. Omega Flex's dividend payout ratio (DPR) is currently 85.53%. Institutional Trading of Omega FlexSeveral hedge funds and other institutional investors have recently bought and sold shares of OFLX. Nuveen LLC acquired a new position in shares of Omega Flex during the 1st quarter valued at $848,000. Penn Mutual Asset Management raised its position in Omega Flex by 7.9% in the first quarter. Penn Mutual Asset Management now owns 9,600 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 700 shares during the period. Cardinal Capital Management lifted its stake in shares of Omega Flex by 45.0% during the second quarter. Cardinal Capital Management now owns 38,904 shares of the industrial products company's stock worth $1,273,000 after purchasing an additional 12,069 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Omega Flex by 4.6% during the first quarter. American Century Companies Inc. now owns 7,667 shares of the industrial products company's stock worth $267,000 after purchasing an additional 340 shares in the last quarter. Finally, PDT Partners LLC boosted its position in shares of Omega Flex by 7.3% in the first quarter. PDT Partners LLC now owns 6,791 shares of the industrial products company's stock worth $236,000 after buying an additional 462 shares during the period. 36.06% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh InSeparately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Omega Flex in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of "Sell".Read Our Latest Stock Analysis on Omega FlexOmega Flex Company Profile (Get Free Report)Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.Featured StoriesFive stocks we like better than Omega FlexSpecial Purpose Acquisition Company (SPAC) What You Need to Know Chewy Stock Just Flashed a Major Buy Signal for 20263 Grocery Stocks That Can Help Take a Bite Out of Inflation Broadcom Slips Post-Earnings Even as AI Demand Goes ParabolicWhat is the NASDAQ Stock Exchange?Qualcomm Just Got Called an AI Loser—So Why Is It Rallying?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Omega Flex Right Now?Before you consider Omega Flex, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omega Flex wasn't on the list.While Omega Flex currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here