Topline Capital Partners, Lp Sells 10,000 Shares of Optex Systems Holdings Inc. (NASDAQ:OPXS) Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) major shareholder Topline Capital Partners, Lp sold 10,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $11.26, for a total value of $112,600.00. Following the transaction, the insider directly owned 738,956 shares in the company, valued at $8,320,644.56. The trade was a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 transaction of $557,136.00.
• On Thursday, June 26th, Topline Capital Partners, Lp sold 30,945 shares of Optex Systems stock. The shares were sold at an average price of $11.07, for a total transaction of $342,561.15.

Optex Systems Stock Down 1.5%

Shares of NASDAQ OPXS traded down $0.18 during trading hours on Wednesday, hitting $11.56. 33,867 shares of the stock were exchanged, compared to its average volume of 30,143. Optex Systems Holdings Inc. has a 12 month low of $5.36 and a 12 month high of $12.00. The firm has a fifty day moving average price of $8.58 and a 200-day moving average price of $7.09. The company has a market cap of $79.88 million, a PE ratio of 16.28 and a beta of 0.33.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.26 earnings per share 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Optex Systems to a "strong-buy" rating in a report on Friday, June 27th.

Institutional Investors Weigh In On Optex Systems

Large investors have recently modified their holdings of the business. IFP Advisors Inc purchased a new position in shares of Optex Systems in the 4th quarter valued at approximately $71,000. Citadel Advisors LLC lifted its stake in shares of Optex Systems by 23.0% during the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock worth $162,000 after buying an additional 4,431 shares during the period. LPL Financial LLC grew its holdings in shares of Optex Systems by 22.5% during the fourth 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. Topline Capital Management LLC purchased a new stake in shares of Optex Systems during the fourth quarter valued at $5,350,000. Finally, Fullcircle Wealth LLC acquired a new position in shares of Optex Systems in the 1st quarter valued at $83,000. Hedge funds and other institutional investors own 19.07% of the company's stock.

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.