Key Points
- Danny Robert Schoening, a director of Optex Systems, sold shares across multiple early-January trades — 27,946 on Jan 7 plus additional sales on Jan 8, Jan 6, Jan 5 and Jan 2 — totaling 110,578 shares for roughly $1.51 million.
- Following the Jan. 7 filing he still owned 825,654 shares valued at about $11.1 million, and the Jan. 7 sale alone represented a 3.27% reduction in his position.
- Optex Systems (NASDAQ:OPXS) trades near $15 with a 52-week range of $5.36–$17.76, a market cap of about $104.7 million, roughly 19% institutional ownership, and a consensus analyst rating of Buy.
Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) Director Danny Robert Schoening sold 27,946 shares of the company's stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $13.44, for a total transaction of $375,594.24. Following the transaction, the director owned 825,654 shares of the company's stock, valued at approximately $11,096,789.76. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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 shares were sold at an average price of $14.06, for a total transaction 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 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 stock was sold at an average price of $13.87, for a total value of $473,618.89.
Optex Systems Stock Performance
NASDAQ OPXS opened at $15.08 on Friday. The stock has a 50 day moving average price of $14.34 and a 200-day moving average price of $13.35. Optex Systems Holdings Inc. has a one year low of $5.36 and a one year high of $17.76. The company has a market capitalization of $104.66 million, a P/E ratio of 20.11 and a beta of 0.64.
Hedge Funds Weigh In On Optex Systems
A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management bought a new position in shares of Optex Systems in the 2nd quarter worth $63,000. Mink Brook Asset Management LLC purchased a new position in Optex Systems in the third quarter valued at about $205,000. Morgan Dempsey Capital Management LLC bought a new position in Optex Systems in the third quarter worth about $207,000. Wasatch Advisors LP bought a new position in Optex Systems in the third quarter worth about $1,285,000. Finally, Citadel Advisors LLC boosted its holdings 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 buying an additional 18,749 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently commented on OPXS. Weiss Ratings reiterated a "buy (b-)" rating on shares of Optex Systems in a research report on Wednesday, October 8th. Wall Street Zen cut Optex Systems from a "buy" rating to a "hold" rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy".
View Our Latest Analysis on Optex Systems
About Optex Systems
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
