Danny Robert Schoening Sells 28,924 Shares of Optex Systems (NASDAQ:OPXS) Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 28,924 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $14.06, for a total transaction of $406,671.44. Following the completion of the transaction, the director directly owned 796,730 shares of the company’s stock, valued at approximately $11,202,023.80. This represents a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction 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 value 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 value 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 value of $473,618.89.

Optex Systems Trading Up 2.3%

Shares of OPXS stock traded up $0.34 during mid-day trading on Friday, reaching $15.08. The stock had a trading volume of 105,146 shares, compared to its average volume of 60,862. Optex Systems Holdings Inc. has a 1-year low of $5.36 and a 1-year high of $17.76. The firm has a market cap of $104.66 million, a price-to-earnings ratio of 20.11 and a beta of 0.64. The business’s fifty day moving average is $14.34 and its 200-day moving average is $13.35.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Optex Systems

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

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.