Tillkännagivande • Apr 30
Omega Flex, Inc., Annual General Meeting, Jun 10, 2026 Omega Flex, Inc., Annual General Meeting, Jun 10, 2026. Location: reed institute, 152 notre dame street, massachusetts, westfield United States Tillkännagivande • Mar 27
Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2026, Payable on April 21, 2026 Omega Flex, Inc. declared a regular quarterly dividend of $0.34 per share payable on April 21, 2026, to shareholders of record on April 9, 2026. Tillkännagivande • Dec 06
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2025, Payable on January 7, 2026 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on January 7, 2026, to shareholders of record on December 19, 2025. Tillkännagivande • Sep 13
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2025, Payable on October 8, 2025 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2025, to shareholders of record on September 25, 2025. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. Tillkännagivande • Jun 19
Omega Flex, Inc. Declares Regular Quarterly Dividend for the Second Quarter 2025, Payable on July 10, 2025 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend for the Second Quarter 2025 of $0.34 per share payable on July 10, 2025, to shareholders of record on June 30, 2025. Tillkännagivande • Apr 30
Omega Flex, Inc., Annual General Meeting, Jun 18, 2025 Omega Flex, Inc., Annual General Meeting, Jun 18, 2025. Location: reed institute, 152 notre dame street, westfiled, massachusetts, United States Tillkännagivande • Mar 28
Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2025, Payable on April 22, 2025 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on April 22, 2025, to shareholders of record on April 10, 2025. Tillkännagivande • Dec 06
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter of 2024, Payable on January 7, 2025 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share for the Fourth Quarter of 2024, payable on January 7, 2025, to shareholders of record on December 19, 2024. Tillkännagivande • Sep 12
Omega Flex, Inc. Declares Regular Quarterly Dividend, Payable on October 8, 2024 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. Tillkännagivande • Jun 15
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024, Payable on July 10, 2024 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, 2024, to shareholders of record on June 26, 2024. Tillkännagivande • Jun 13
CalSTRS Files an Exempt Solicitation Statement to Shareholders of Omega Flex On June 10, 2024, California State Teachers’ Retirement System (CalSTRS) filed an exempt solicitation statement writing to shareholders as fellow investors in Omega Flex, Inc. to notify shareholders that CalSTRS will be withholding its support for the re-election of directors, Stewart B. Reed and Davis K. Evans, at the Company’s annual meeting on June 13, 2024. Tillkännagivande • Jun 11
Los Angeles County Employees Retirement Association Files an Exempt Solicitation Statement with Securities and Exchange Commission On June 10, 2024, Los Angeles County Employees Retirement Association announced that it has filed an exempt solicitation statement with Securities and Exchange Commission, stating that it will be voting withhold and urging the shareholders of Omega Flex Inc to vote withhold for the re-election of Stewart B. Reed and David K. Evans Company board nominees, at the annual meeting of shareholders scheduled to be held on June 13, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: US$0.42 (vs US$0.57 in 1Q 2023) First quarter 2024 results: EPS: US$0.42 (down from US$0.57 in 1Q 2023). Revenue: US$25.2m (down 16% from 1Q 2023). Net income: US$4.22m (down 27% from 1Q 2023). Profit margin: 17% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Apr 28
Omega Flex, Inc., Annual General Meeting, Jun 13, 2024 Omega Flex, Inc., Annual General Meeting, Jun 13, 2024, at 10:00 US Eastern Standard Time. Location: The Union League of Philadelphia 140 South Broad Street, Philadelphia, PA 19102 Philadelphia United States Agenda: To elect two Class 1 nominees as directors to company Board of Directors; to ratify the selection of RSM US LLP as company independent auditor for 2024; and to transact any other business as may properly come before the Annual Meeting or any adjournments or postponements of the meeting. Declared Dividend • Apr 04
Fourth quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 9th April 2024 Payment date: 24th April 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Tillkännagivande • Mar 29
Omega Flex, Inc. Declares Regular Quarterly Dividend, Payable on April 24, 2024 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$2.06 (vs US$2.34 in FY 2022) Full year 2023 results: EPS: US$2.06 (down from US$2.34 in FY 2022). Revenue: US$111.5m (down 11% from FY 2022). Net income: US$20.8m (down 12% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 11
Upcoming dividend of US$0.33 per share at 1.7% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 04 January 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (1.8%). Tillkännagivande • Dec 07
Omega Flex, Inc. Declares a Regular Quarterly Dividend, Payable on January 4, 2024 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on January 4, 2024, to shareholders of record on December 19, 2023. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: US$0.55 (vs US$0.65 in 3Q 2022) Third quarter 2023 results: EPS: US$0.55 (down from US$0.65 in 3Q 2022). Revenue: US$27.5m (down 13% from 3Q 2022). Net income: US$5.58m (down 15% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 01
Omega Flex, Inc. Announces Departure of Mark F. Albino as Director Omega Flex, Inc. announced that Mark F. Albino has resigned from the board of directors of the Company, effective September 30, 2023. Since the Company became publicly traded in 2005, Mr. Albino was instrumental in its growth and strategy. He served as a director for over 27 years, and as chief operating officer until his retirement in May 2022. Upcoming Dividend • Sep 15
Upcoming dividend of US$0.33 per share at 1.6% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (1.7%). Tillkännagivande • Sep 12
Omega Flex, Inc. Declares Regular Quarterly Dividend, Payable on October 6, 2023 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on October 6, 2023, to shareholders of record on September 25, 2023. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.45 (vs US$0.54 in 2Q 2022) Second quarter 2023 results: EPS: US$0.45 (down from US$0.54 in 2Q 2022). Revenue: US$25.8m (down 19% from 2Q 2022). Net income: US$4.56m (down 16% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 14
Omega Flex, Inc. Declares Regular Quarterly Dividend, Payable on July 7, 2023 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on July 7, 2023, to shareholders of record on June 26, 2023. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: US$0.57 (vs US$0.54 in 1Q 2022) First quarter 2023 results: EPS: US$0.57 (up from US$0.54 in 1Q 2022). Revenue: US$30.0m (down 4.2% from 1Q 2022). Net income: US$5.74m (up 5.3% from 1Q 2022). Profit margin: 19% (up from 17% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: US$2.34 (vs US$2.60 in FY 2021) Full year 2022 results: EPS: US$2.34 (down from US$2.60 in FY 2021). Revenue: US$125.5m (down 3.5% from FY 2021). Net income: US$23.6m (down 9.8% from FY 2021). Profit margin: 19% (down from 20% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Recent Insider Transactions Derivative • Feb 17
General Counsel & Corporate Secretary exercised options and sold US$115k worth of stock On the 15th of February, Timothy Scanlan exercised options to acquire 930 shares at no cost and sold these for an average price of US$123 per share. This trade did not impact their existing holding. Since March 2022, Timothy has owned 250.00 shares directly. Company insiders have collectively sold US$9.4m more than they bought, via options and on-market transactions in the last 12 months. Tillkännagivande • Dec 08
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2022, Payable on January 4, 2023 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on January 4, 2023, to shareholders of record on December 19, 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director James Dubin was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.65 (up from US$0.61 in 3Q 2021). Revenue: US$31.6m (flat on 3Q 2021). Net income: US$6.54m (up 6.4% from 3Q 2021). Profit margin: 21% (up from 19% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Oct 01
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2022, Payable on October 24, 2022 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on October 24, 2022, to shareholders of record on October 12, 2022. Recent Insider Transactions • Aug 12
Director recently sold US$79k worth of stock On the 10th of August, Mark Albino sold around 661 shares on-market at roughly US$119 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.1m more than they bought in the last 12 months. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$0.54 (vs US$0.61 in 2Q 2021) Second quarter 2022 results: EPS: US$0.54 (down from US$0.61 in 2Q 2021). Revenue: US$31.7m (flat on 2Q 2021). Net income: US$5.45m (down 12% from 2Q 2021). Profit margin: 17% (down from 19% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Tillkännagivande • Jun 11
Omega Flex, Inc. Declares Quarterly Dividend, Payable on July 5, 2022 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on July 5, 2022, to shareholders of record on June 24, 2022. Tillkännagivande • Jun 03
Omega Flex, Inc. Announces Organizational Changes Omega Flex, Inc. announced that Mark F. Albino, its chief operating officer, is retiring after 26 years of service to the Company. Mr. Albino was instrumental in the strength and growth of the Company during those 26 years, from his invention of the AutoFlare® fitting, to the expansion of its business in Europe, and the expansion of the Company’s businesses to new products, including DoubleTrac® double-containment piping and MediTrac® flexible medical gas piping. Mr. Albino will be retiring as of May 31, 2022, but will continue to serve in his role as a director of the Company. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.54 (vs US$0.62 in 1Q 2021) First quarter 2022 results: EPS: US$0.54 (down from US$0.62 in 1Q 2021). Revenue: US$31.3m (up 1.4% from 1Q 2021). Net income: US$5.45m (down 13% from 1Q 2021). Profit margin: 17% (down from 20% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 02
Omega Flex, Inc., Annual General Meeting, Jul 12, 2022 Omega Flex, Inc., Annual General Meeting, Jul 12, 2022, at 11:00 US Eastern Standard Time. Agenda: To elect two Class 2 nominees as directors to Board of Directors; to ratify the selection of RSM US LLP as independent auditor for 2022; and to transact any other business as may properly come before the Annual Meeting or any adjournments or postponements of the meeting. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director James Dubin was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 07
Omega Flex, Inc. Announces Departure of Bruce C. Klink as Class 2 Director Omega Flex, Inc. announced that Bruce C. Klink, a Class 2 director, has decided not to stand for re-election to the board of directors, and will complete his term on the Board at the conclusion of the Company’s 2022 annual meeting of stockholders. Mr. Klink’s decision to not stand for re-election was not because of a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Tillkännagivande • Mar 30
Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2022, Payable on April 25, 2022 Omega Flex, Inc. announced that the Board of Directors declared a regular quarterly dividend of $0.30 per share payable on April 25, 2022, to shareholders of record on April 11, 2022. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.60 (up from US$1.97 in FY 2020). Revenue: US$130.0m (up 23% from FY 2020). Net income: US$26.2m (up 32% from FY 2020). Profit margin: 20% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$127, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 26x in the Machinery industry in the US. Total returns to shareholders of 72% over the past three years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director James Dubin was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$113, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 29x in the Machinery industry in the US. Total returns to shareholders of 118% over the past three years. Recent Insider Transactions Derivative • Nov 13
President notifies of intention to sell stock Mark Albino intends to sell 88k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$146, it would amount to US$13m. Since March 2021, Mark has owned 346.66k shares directly. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 12
President recently sold US$866k worth of stock On the 9th of November, Mark Albino sold around 6k shares on-market at roughly US$140 per share. This was the largest sale by an insider in the last 3 months. Mark has been a seller over the last 12 months, reducing personal holdings by US$5.9m. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$31.7m (up 17% from 3Q 2020). Net income: US$6.15m (up 28% from 3Q 2020). Profit margin: 19% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Sep 01
VP of Finance, CFO & Principal Accounting Officer Paul Kane has left the company During their tenure, earnings grew by 11% annually compared to the industry average of 8.1%. On the 27th of August, Paul Kane left the company after 14.1 in the role. As of June 2021, Paul still personally held only 50.00 shares (US$7.3k worth at the time). Paul is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 14.58 years. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.61 (vs US$0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$32.0m (up 47% from 2Q 2020). Net income: US$6.18m (up 73% from 2Q 2020). Profit margin: 19% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 17% share price gain to US$162, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 35x in the Machinery industry in the US. Total returns to shareholders of 121% over the past three years. Upcoming Dividend • Jun 15
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 06 July 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (1.4%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.62 (vs US$0.43 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$30.9m (up 22% from 1Q 2020). Net income: US$6.27m (up 44% from 1Q 2020). Profit margin: 20% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 28
CEO & Chairman recently sold US$5.0m worth of stock On the 26th of March, Kevin Hoben sold around 34k shares on-market at roughly US$145 per share. This was the largest sale by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS US$1.97 (vs US$1.71 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$105.8m (down 5.0% from FY 2019). Net income: US$19.9m (up 15% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 29
New 90-day high: US$179 The company is up 19% from its price of US$150 on 30 October 2020. The American market is also up 19% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 20% over the same period. Recent Insider Transactions • Nov 13
Independent Director recently sold US$322k worth of stock On the 9th of November, Derek Glanvill sold around 2k shares on-market at roughly US$149 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 02
Third quarter earnings released Over the last 12 months the company has reported total profits of US$18.3m, up 3.0% from the prior year. Total revenue was US$103.9m over the last 12 months, down 6.0% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day high: US$181 The company is up 58% from its price of US$115 on 17 July 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: US$144 The company is up 36% from its price of US$106 on 30 June 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. Tillkännagivande • Jul 04
Omega Flex, Inc.(NasdaqGM:OFLX) dropped from Russell Microcap Growth Index Omega Flex, Inc.(NasdaqGM:OFLX) dropped from Russell Microcap Growth Index Tillkännagivande • Jul 02
Omega Flex, Inc.(NasdaqGM:OFLX) dropped from Russell Microcap Index Omega Flex, Inc.(NasdaqGM:OFLX) dropped from Russell Microcap Index