Insider Selling: Optex Systems (NASDAQ:OPXS) Director Sells 28,924 Shares of Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 28,924 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $14.06, for a total value of $406,671.44. Following the completion of the sale, the director owned 796,730 shares of the company’s stock, valued at $11,202,023.80. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 7th, Danny Robert Schoening sold 27,946 shares of Optex Systems stock. The shares were sold at an average price of $13.44, for a total value of $375,594.24.
• On Tuesday, January 6th, Danny Robert Schoening sold 14,066 shares of Optex Systems stock. The shares were sold at an average price of $13.02, for a total transaction of $183,139.32.
• On Monday, January 5th, Danny Robert Schoening sold 5,495 shares of Optex Systems stock. The stock was sold at an average price of $13.08, for a total transaction of $71,874.60.
• On Friday, January 2nd, Danny Robert Schoening sold 34,147 shares of Optex Systems stock. The shares were sold at an average price of $13.87, for a total transaction of $473,618.89.

Optex Systems Stock Up 2.3%

Shares of NASDAQ OPXS traded up $0.34 during trading on Friday, hitting $15.08. The company had a trading volume of 105,146 shares, compared to its average volume of 60,862. The firm has a market capitalization of $104.66 million, a price-to-earnings ratio of 20.11 and a beta of 0.64. The stock has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.35. Optex Systems Holdings Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $17.76.

Institutional Investors Weigh In On Optex Systems

A number of large investors have recently made changes to their positions in OPXS. Vanguard Group Inc. increased its holdings in shares of Optex Systems by 1.3% in the third quarter. Vanguard Group Inc. now owns 158,087 shares of the company’s stock valued at $2,038,000 after purchasing an additional 1,975 shares during the last quarter. Wasatch Advisors LP purchased a new stake in Optex Systems in the 3rd quarter valued at $1,285,000. Marshall Wace LLP purchased a new stake in Optex Systems in the 2nd quarter valued at $604,000. Ameriprise Financial Inc. increased its stake in shares of Optex Systems by 78.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 47,243 shares of the company’s stock worth $609,000 after acquiring an additional 20,793 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Optex Systems by 106.9% during the 3rd quarter. Citadel Advisors LLC now owns 36,285 shares of the company’s stock worth $468,000 after acquiring an additional 18,749 shares during the period. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on OPXS shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. Wall Street Zen cut Optex Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Optex Systems Company Profile

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.