Optex Systems (NASDAQ:OPXS) Director Sells $183,139.32 in Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 14,066 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $13.02, for a total value of $183,139.32. Following the completion of the transaction, the director directly owned 853,600 shares in the company, valued at approximately $11,113,872. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Danny Robert Schoening also recently made the following trade(s):

• On Monday, January 5th, Danny Robert Schoening sold 5,495 shares of Optex Systems stock. The shares were sold at an average price of $13.08, for a total value of $71,874.60.
• On Friday, January 2nd, Danny Robert Schoening sold 34,147 shares of Optex Systems stock. The stock was sold at an average price of $13.87, for a total value of $473,618.89.

Optex Systems Stock Up 10.7%

NASDAQ OPXS opened at $14.74 on Friday. The stock’s 50-day moving average price is $14.38 and its 200-day moving average price is $13.32. The company has a market capitalization of $102.25 million, a P/E ratio of 19.65 and a beta of 0.64. Optex Systems Holdings Inc. has a 52 week low of $5.36 and a 52 week high of $17.76.

Hedge Funds Weigh In On Optex Systems

Several hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new position in Optex Systems during the third quarter valued at $1,285,000. Mink Brook Asset Management LLC bought a new position in shares of Optex Systems during the 3rd quarter valued at about $205,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of Optex Systems during the third quarter valued at about $207,000. Citadel Advisors LLC increased its holdings in shares of Optex Systems by 106.9% in the third quarter. Citadel Advisors LLC now owns 36,285 shares of the company’s stock worth $468,000 after purchasing an additional 18,749 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Optex Systems by 6,439.6% in the third quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock worth $45,000 after buying an additional 3,413 shares in the last quarter. Hedge funds and other institutional investors own 19.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OPXS shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. Wall Street Zen lowered Optex Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.