Sei Investments Co. Buys Shares of 91,364 Optical Cable Corporation $OCC

Sei Investments Co. bought a new position in shares of Optical Cable Corporation (NASDAQ:OCC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 91,364 shares of the communications equipment provider’s stock, valued at approximately $754,000.

Other large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Optical Cable in the 4th quarter valued at about $57,000. Citadel Advisors LLC acquired a new stake in Optical Cable during the third quarter worth about $102,000. Round Rock Advisors LLC acquired a new stake in Optical Cable during the fourth quarter worth about $139,000. State Street Corp lifted its holdings in Optical Cable by 37.4% in the fourth quarter. State Street Corp now owns 36,773 shares of the communications equipment provider’s stock worth $164,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Optical Cable in the fourth quarter worth about $210,000. 13.61% of the stock is currently owned by institutional investors.

Optical Cable Stock Performance

Shares of OCC opened at $16.63 on Friday. The firm has a fifty day moving average of $17.36 and a 200-day moving average of $11.86. The company has a market cap of $146.79 million, a price-to-earnings ratio of 138.59 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 2.08. Optical Cable Corporation has a 1 year low of $4.02 and a 1 year high of $27.98.

Optical Cable (NASDAQ:OCC) last released its quarterly earnings data on Monday, June 8th. The communications equipment provider reported $0.12 earnings per share for the quarter. The business had revenue of $22.21 million for the quarter. Optical Cable had a net margin of 1.29% and a return on equity of 5.92%. During the same period last year, the business earned ($0.09) EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Optical Cable in a report on Friday, July 17th. Wall Street Zen cut Optical Cable from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Optical Cable presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Optical Cable news, CFO Tracy G. Smith sold 16,453 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $17.23, for a total value of $283,485.19. Following the completion of the transaction, the chief financial officer owned 329,826 shares in the company, valued at approximately $5,682,901.98. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.40% of the company’s stock.

About Optical Cable

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.