Tema ETFs LLC Takes $7.66 Million Position in Syntec Optics Holdings, Inc. $OPTX

Tema ETFs LLC purchased a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 615,400 shares of the company’s stock, valued at approximately $7,662,000.

Several other large investors have also made changes to their positions in OPTX. Jane Street Group LLC increased its stake in Syntec Optics by 16.0% in the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock valued at $39,000 after acquiring an additional 1,891 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Syntec Optics in the 1st quarter valued at $46,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Syntec Optics in the 1st quarter valued at $70,000. OMERS ADMINISTRATION Corp bought a new position in shares of Syntec Optics in the 1st quarter valued at $89,000. Finally, State Street Corp increased its stake in shares of Syntec Optics by 20.6% in the 4th quarter. State Street Corp now owns 42,800 shares of the company’s stock valued at $122,000 after purchasing an additional 7,300 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on OPTX. Weiss Ratings restated a “sell (e+)” rating on shares of Syntec Optics in a research report on Thursday, July 2nd. Wall Street Zen cut Syntec Optics from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Syntec Optics presently has an average rating of “Sell”.

Syntec Optics Stock Up 17.0%

Shares of NASDAQ OPTX opened at $8.87 on Wednesday. The company has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $8.54. The firm has a market cap of $357.28 million, a PE ratio of -147.83 and a beta of -0.80. Syntec Optics Holdings, Inc. has a 1 year low of $1.18 and a 1 year high of $14.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.59.

Syntec Optics (NASDAQ:OPTX) last posted its earnings results on Monday, August 10th. The company reported $0.01 earnings per share for the quarter. Syntec Optics had a negative net margin of 8.26% and a negative return on equity of 25.81%. The firm had revenue of $8.27 million for the quarter.

Syntec Optics Profile

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.