Optex Systems (NASDAQ:OPXS) Director Danny Robert Schoening Sells 27,946 Shares

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 27,946 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $13.44, for a total value of $375,594.24. Following the completion of the transaction, the director owned 825,654 shares of the company’s stock, valued at $11,096,789.76. This represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 8th, Danny Robert Schoening sold 28,924 shares of Optex Systems stock. The stock was sold at an average price of $14.06, for a total value of $406,671.44.
• 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 shares were 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 stock was sold at an average price of $13.87, for a total transaction of $473,618.89.

Optex Systems Trading Up 2.3%

NASDAQ:OPXS opened at $15.08 on Friday. The company has a 50 day simple moving average of $14.34 and a two-hundred day simple moving average of $13.35. The company has a market cap of $104.66 million, a PE ratio of 20.11 and a beta of 0.64. Optex Systems Holdings Inc. has a 12 month low of $5.36 and a 12 month high of $17.76.

Institutional Investors Weigh In On Optex Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPXS. Wasatch Advisors LP bought a new position in shares of Optex Systems in the third quarter worth approximately $1,285,000. Marshall Wace LLP bought a new position in Optex Systems in the 2nd quarter worth $604,000. Archon Capital Management LLC purchased a new stake in Optex Systems in the 2nd quarter worth $332,000. Ameriprise Financial Inc. bought a new stake in Optex Systems during the second quarter valued at about $304,000. Finally, Ritholtz Wealth Management bought a new stake in Optex Systems during the 3rd quarter valued at approximately $289,000. Institutional investors own 19.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OPXS. Weiss Ratings restated a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One equities research 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.