Legacy Financial Advisors Inc. Sells 213,141 Shares of Optical Cable Corporation $OCC

Legacy Financial Advisors Inc. decreased its position in shares of Optical Cable Corporation (NASDAQ:OCC) by 83.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,393 shares of the communications equipment provider’s stock after selling 213,141 shares during the period. Legacy Financial Advisors Inc.’s holdings in Optical Cable were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of OCC. Two Sigma Investments LP purchased a new position in Optical Cable in the third quarter worth $487,000. Round Rock Advisors LLC purchased a new stake in shares of Optical Cable during the 4th quarter valued at $139,000. Bridgeway Capital Management LLC lifted its holdings in shares of Optical Cable by 162.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 33,013 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 20,413 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Optical Cable in the 3rd quarter worth $135,000. Finally, Citadel Advisors LLC purchased a new position in Optical Cable during the 3rd quarter worth $102,000. 13.61% of the stock is currently owned by institutional investors and hedge funds.

Optical Cable Trading Down 10.3%

NASDAQ:OCC opened at $11.78 on Friday. Optical Cable Corporation has a twelve month low of $2.44 and a twelve month high of $13.95. The company has a market cap of $104.02 million, a PE ratio of -130.87 and a beta of 0.53. The company’s 50 day moving average is $9.56 and its two-hundred day moving average is $7.39.

Optical Cable (NASDAQ:OCC) last posted its quarterly earnings data on Tuesday, March 10th. The communications equipment provider reported ($0.05) EPS for the quarter. The company had revenue of $16.43 million for the quarter. Optical Cable had a negative return on equity of 4.14% and a negative net margin of 1.01%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Optical Cable in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Optical Cable Profile

Optical Cable Corporation (NASDAQ: OCC) is a publicly traded designer and manufacturer of optical fiber and copper communications cable solutions. Headquartered in Roanoke, Virginia, the company develops a broad range of standard and custom cable assemblies, connectors, hardware and accessories. Its product portfolio addresses data transmission requirements in demanding environments, including long-haul telecommunications, industrial automation, defense systems and submersible applications.

The company’s offerings are organized across multiple product lines, encompassing outside-plant fiber optic cable for aerial and underground installations, indoor/outdoor copper connectivity and specialty engineered cable assemblies.