Optex Systems (NASDAQ:OPXS) Director Danny Robert Schoening Sells 34,147 Shares of Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 34,147 shares of Optex Systems 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 in the company, valued at $12,110,743.07. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $13.08, for a total transaction of $71,874.60.

Optex Systems Price Performance

OPXS stock traded up $0.13 during midday trading on Tuesday, hitting $13.35. The company’s stock had a trading volume of 69,001 shares, compared to its average volume of 76,100. The company’s fifty day moving average price is $14.56 and its 200 day moving average price is $13.29. Optex Systems Holdings Inc. has a twelve month low of $5.36 and a twelve month high of $17.76. The stock has a market capitalization of $92.61 million, a P/E ratio of 17.80 and a beta of 0.64.

Hedge Funds Weigh In On Optex Systems

A number of institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in shares of Optex Systems during the 3rd quarter worth approximately $1,285,000. Marshall Wace LLP bought a new stake in Optex Systems in the 2nd quarter valued at $604,000. Archon Capital Management LLC acquired a new stake in Optex Systems during the 2nd quarter valued at $332,000. Ameriprise Financial Inc. acquired a new stake in Optex Systems during the 2nd quarter valued at $304,000. Finally, Ritholtz Wealth Management bought a new position in Optex Systems during the third quarter worth $289,000. Institutional investors and hedge funds own 19.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OPXS. Weiss Ratings reissued 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 research note on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.