Tema ETFs LLC acquired a new stake in Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 615,400 shares of the company's stock, valued at approximately $7,662,000. Tema ETFs LLC owned 1.53% of Syntec Optics as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. ARS Investment Partners LLC bought a new position in shares of Syntec Optics during the 1st quarter worth approximately $396,000. Arosa Capital Management LP bought a new stake in Syntec Optics in the 4th quarter valued at $715,000. State Street Corp raised its stake in Syntec Optics by 20.6% in the 4th quarter. State Street Corp now owns 42,800 shares of the company's stock valued at $122,000 after acquiring an additional 7,300 shares during the period. Jane Street Group LLC lifted its holdings in Syntec Optics by 16.0% during the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company's stock valued at $39,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Royal Bank of Canada acquired a new stake in Syntec Optics during the 1st quarter valued at $516,000.
Analyst Ratings Changes
Several brokerages recently commented on OPTX. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Syntec Optics in a report on Thursday, July 2nd. Wall Street Zen cut shares of Syntec Optics from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Syntec Optics currently has an average rating of "Sell".
Get Our Latest Stock Analysis on OPTX
Syntec Optics Stock Up 17.0%
Shares of OPTX opened at $8.87 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Syntec Optics Holdings, Inc. has a 12 month low of $1.18 and a 12 month high of $14.92. The firm's 50 day moving average is $9.66 and its 200-day moving average is $8.54. The stock has a market capitalization of $357.28 million, a PE ratio of -147.83 and a beta of -0.80.
Syntec Optics (NASDAQ:OPTX - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $8.27 million during the quarter. Syntec Optics had a negative return on equity of 25.81% and a negative net margin of 8.26%.
Syntec Optics Company Profile
(
Free Report)
Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.
In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.
See Also
Want to see what other hedge funds are holding OPTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report).
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