Optex Systems Holdings Inc. (NASDAQ:OPXS) Director R. Rimmy Malhotra Sells 15,000 Shares

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) Director R. Rimmy Malhotra sold 15,000 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $11.01, for a total transaction of $165,150.00. Following the transaction, the director owned 94,278 shares in the company, valued at $1,038,000.78. The trade was a 13.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Optex Systems Price Performance

Optex Systems stock remained flat at $11.49 during midday trading on Monday. The company had a trading volume of 131,256 shares, compared to its average volume of 29,969. The business has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $7.04. Optex Systems Holdings Inc. has a twelve month low of $5.36 and a twelve month high of $12.01. The company has a market cap of $79.40 million, a P/E ratio of 16.18 and a beta of 0.25.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.26 EPS for the quarter. Optex Systems had a return on equity of 25.10% and a net margin of 13.06%. The firm had revenue of $10.73 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Optex Systems to a "strong-buy" rating in a research note on Friday.

Institutional Investors Weigh In On Optex Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc bought a new stake in Optex Systems during the 4th quarter worth approximately $71,000. Fullcircle Wealth LLC bought a new stake in Optex Systems during the first quarter worth $83,000. LPL Financial LLC raised its position in 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 buying an additional 4,000 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock worth $162,000 after buying an additional 4,431 shares in the last quarter. Finally, Huntleigh Advisors Inc. boosted its holdings in shares of Optex Systems by 6.4% in the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock worth $190,000 after buying an additional 2,021 shares during the last quarter. 19.07% of the stock is owned by institutional investors.

About Optex Systems

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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