Optex Systems (NASDAQ:OPXS) Director Sells $473,618.89 in Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 34,147 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $13.87, for a total transaction of $473,618.89. Following the completion of the sale, the director owned 873,161 shares of the company’s stock, valued at approximately $12,110,743.07. This trade represents a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 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 transaction of $71,874.60.

Optex Systems Stock Up 10.7%

Shares of NASDAQ:OPXS opened at $14.74 on Friday. The company has a market cap of $102.25 million, a P/E ratio of 19.65 and a beta of 0.64. The company’s fifty day moving average is $14.38 and its two-hundred day moving average is $13.32. Optex Systems Holdings Inc. has a 12-month low of $5.36 and a 12-month high of $17.76.

Analysts Set New Price Targets

Several equities analysts have weighed in on OPXS shares. Wall Street Zen cut Optex Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Optex Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Institutional Investors Weigh In On Optex Systems

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP acquired a new position in Optex Systems in the third quarter worth approximately $1,285,000. Marshall Wace LLP bought a new stake in Optex Systems in the second quarter worth approximately $604,000. Archon Capital Management LLC acquired a new position in shares of Optex Systems during the 2nd quarter worth $332,000. Ameriprise Financial Inc. bought a new position in shares of Optex Systems during the 2nd quarter valued at $304,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Optex Systems in the 3rd quarter valued at $289,000. 19.07% of the stock is currently owned by institutional investors and hedge funds.

About Optex Systems

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.