Wasatch Advisors LP Has $8.90 Million Stock Holdings in Optex Systems Holdings Inc. $OPXS

Key Points

• Wasatch Advisors increased its Optex Systems stake by 59.4% in the second quarter, acquiring 236,523 additional shares for a total of 634,671 shares valued at approximately $8.90 million, or 9.12% of the company.
• Several other institutional investors also raised their positions, but institutional and hedge-fund ownership remains relatively limited at 19.07% of outstanding shares.
• Optex Systems reported quarterly EPS of $0.18 on $9.73 million in revenue. Analyst sentiment averages a “Buy,” although the stock recently traded at $11.28, below its 52-week high of $17.76.

Wasatch Advisors LP boosted its stake in shares of Optex Systems Holdings Inc. (NASDAQ:OPXS - Free Report) by 59.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,671 shares of the company's stock after purchasing an additional 236,523 shares during the quarter. Wasatch Advisors LP owned about 9.12% of Optex Systems worth $8,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised its position in shares of Optex Systems by 8.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company's stock valued at $4,278,000 after purchasing an additional 26,515 shares during the period. Archon Capital Management LLC boosted its holdings in shares of Optex Systems by 109.8% during the 4th quarter. Archon Capital Management LLC now owns 176,004 shares of the company's stock worth $2,496,000 after buying an additional 92,094 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Optex Systems by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 158,087 shares of the company's stock worth $2,038,000 after buying an additional 1,975 shares during the period. Marshall Wace LLP grew its stake in Optex Systems by 15.7% in the 4th quarter. Marshall Wace LLP now owns 90,872 shares of the company's stock valued at $1,289,000 after buying an additional 12,337 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Optex Systems by 92.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 72,795 shares of the company's stock valued at $1,032,000 after buying an additional 34,942 shares during the last quarter. 19.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Optex Systems in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy".

Optex Systems Stock Performance

OPXS opened at $11.28 on Thursday. Optex Systems Holdings Inc. has a fifty-two week low of $9.74 and a fifty-two week high of $17.76. The company has a market capitalization of $78.51 million, a P/E ratio of 20.51 and a beta of 0.50. The stock has a fifty day moving average of $12.47 and a 200-day moving average of $12.51.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 EPS for the quarter. The business had revenue of $9.73 million for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 18.03%.

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.

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