Insider Selling: Optex Systems (NASDAQ:OPXS) Director Sells $375,594.24 in Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 27,946 shares of the stock in a transaction that occurred 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 sale, the director owned 825,654 shares in the company, valued at $11,096,789.76. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 value of $406,671.44.
• On Tuesday, January 6th, Danny Robert Schoening sold 14,066 shares of Optex Systems stock. The stock was 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 shares were 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 transaction of $473,618.89.

Optex Systems Stock Up 2.3%

NASDAQ OPXS traded up $0.34 on Friday, hitting $15.08. The stock had a trading volume of 105,146 shares, compared to its average volume of 60,862. The company’s 50-day moving average is $14.34 and its two-hundred day moving average is $13.35. The stock has a market cap of $104.66 million, a price-to-earnings ratio of 20.11 and a beta of 0.64. Optex Systems Holdings Inc. has a one year low of $5.36 and a one year high of $17.76.

Analyst Upgrades and Downgrades

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

Institutional Trading of Optex Systems

Several institutional investors have recently modified their holdings of OPXS. LSV Asset Management bought a new stake in Optex Systems in the second quarter worth about $63,000. Financial Advocates Investment Management grew its stake in shares of Optex Systems by 9.8% in the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock worth $130,000 after purchasing an additional 1,012 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Optex Systems in the 2nd quarter worth approximately $604,000. Archon Capital Management LLC bought a new stake in shares of Optex Systems in the 2nd quarter worth approximately $332,000. Finally, Raymond James Financial Inc. acquired a new stake in Optex Systems during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 19.07% of the company’s stock.

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.