omegaflex is a leading manufacturer of flexible metal hose, which is used in a variety of applications to carry gases and liquids within their particular applications. these applications include carrying liquefied gases in certain processing applications, fuel gases within residential and commercial buildings and vibration absorbers in high vibration applications. in addition, our flexible metal piping is used to carry other types of gases or fluids in a number of industrial applications where the customer requires a degree of flexibility, an ability to carry corrosive compounds or mixtures, a double containment system, or piping to carry gases or fluids at very high or very low (cryogenic) temperatures. omegaflex manufactures flexible metal hose at its facilities in exton, pennsylvania, with a minor amount of manufacturing performed in banbury, england. the company sells its product through distributors, wholesalers and to original equipment manufacturers (“oems”) throughout north ame
Company profile
Ticker
OFLX
Exchange
Website
CEO
Kevin Ralph Hoben
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Masco • FGI Industries ...
SEC CIK
Corporate docs
Subsidiaries
Exton Ranch, LLC • Omega Flex Limited • Omega Flex SAS ...
IRS number
231948942
OFLX stock data
Latest filings (excl ownership)
8-K
Omega Flex, Inc. Announces New Director Elected to the Board
9 Apr 24
8-K
Departure of Directors or Certain Officers
5 Apr 24
8-K
Other Events
28 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Results of Operations and Financial Condition
6 Mar 24
8-K
Departure of Directors or Certain Officers
12 Dec 23
8-K
Other Events
6 Dec 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
Results of Operations and Financial Condition
18 Oct 23
8-K
Departure of Directors or Certain Officers
29 Sep 23
Latest ownership filings
3
STEPHEN M SHEA
12 Apr 24
4
Estate of John E Reed
26 Mar 24
4
STEWART B REED
26 Mar 24
SC 13D/A
REED STEWART B
26 Mar 24
3
Initial statement of insider ownership
26 Mar 24
4
Susan B. Asch
21 Mar 24
4
Matthew Francis Unger
21 Mar 24
4
Edwin B. Moran
21 Mar 24
4
Dean W. Rivest
21 Mar 24
4
Dean W. Rivest
29 Feb 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 37.95 mm | 37.95 mm | 37.95 mm | 37.95 mm | 37.95 mm | 37.95 mm |
Cash burn (monthly) | 640.33 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 4.35 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 33.61 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 52.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
36.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 91 |
Opened positions | 15 |
Closed positions | 12 |
Increased positions | 28 |
Reduced positions | 30 |
13F shares | Current |
---|---|
Total value | 280.02 bn |
Total shares | 3.66 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kayne Anderson Rudnick Investment Management | 1.10 mm | $86.38 bn |
Neuberger Berman | 454.78 k | $35.80 bn |
BLK Blackrock | 364.12 k | $28.67 bn |
Conestoga Capital Advisors | 298.64 k | $23.51 bn |
Dimensional Fund Advisors | 257.18 k | $20.25 bn |
Principle Wealth Partners | 192.28 k | $15.14 bn |
Vanguard | 156.72 k | $12.34 bn |
Geode Capital Management | 80.49 k | $6.34 bn |
Hunter Associates Investment Management | 78.82 k | $6.21 mm |
STT State Street | 70.57 k | $5.58 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Reed Stewart B | Common Stock | By will or laws of descent | Acquire W | Yes | No | 0 | 2,079,008 | 0.00 | 2,673,899 |
22 Mar 24 | Reed Stewart B | Common Stock | By will or laws of descent | Dispose W | Yes | No | 0 | 2,079,008 | 0.00 | 0 |
22 Mar 24 | Estate of John E Reed | Common Stock | By will or laws of descent | Dispose W | No | No | 0 | 2,079,008 | 0.00 | 0 |
20 Mar 24 | Dean W. Rivest | Phantom Stock Common Stock | Grant | Acquire A | No | No | 0 | 1,250 | 0.00 | 1,250 |