Insider Selling: Optex Systems Holdings Inc. (NASDAQ:OPXS) Major Shareholder Sells 30,945 Shares of Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) major shareholder Topline Capital Partners, Lp sold 30,945 shares of Optex Systems stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $11.07, for a total transaction of $342,561.15. Following the completion of the transaction, the insider owned 748,956 shares in the company, valued at approximately $8,290,942.92. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Monday, June 30th, Topline Capital Partners, Lp sold 47,700 shares of Optex Systems stock. The stock was sold at an average price of $11.68, for a total value of $557,136.00.
• On Friday, June 27th, Topline Capital Partners, Lp sold 10,000 shares of Optex Systems stock. The shares were sold at an average price of $11.26, for a total value of $112,600.00.

Optex Systems Price Performance

OPXS remained flat at $11.49 during trading on Monday. 131,256 shares of the company's stock traded hands, compared to its average volume of 29,969. The company has a market capitalization of $79.40 million, a price-to-earnings ratio of 16.18 and a beta of 0.25. Optex Systems Holdings Inc. has a 12 month low of $5.36 and a 12 month high of $12.01. The business has a fifty day moving average of $8.35 and a 200-day moving average of $7.04.

Optex Systems (NASDAQ:OPXS - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $10.73 million for the quarter. Optex Systems had a net margin of 13.06% and a return on equity of 25.10%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Optex Systems to a "strong-buy" rating in a report on Friday.

Institutional Investors Weigh In On Optex Systems

Institutional investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC acquired a new stake in shares of Optex Systems in the 4th quarter valued at approximately $5,350,000. Fullcircle Wealth LLC acquired a new position in Optex Systems during the first quarter worth $83,000. IFP Advisors Inc purchased a new position in Optex Systems in the fourth quarter worth $71,000. Citadel Advisors LLC lifted its holdings in Optex Systems by 23.0% in the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock valued at $162,000 after acquiring an additional 4,431 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Optex Systems by 22.5% in the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company's stock valued at $149,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 19.07% of the company's stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.

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