Optex Systems (NASDAQ:OPXS) Shares Up 0.8% - Still a Buy?

Key Points

• Optex Systems' stock price increased by 0.8%, trading between $10.96 and $10.40 with a total volume decline of 34% from its average.
• Wall Street Zen upgraded Optex Systems to a "strong-buy" rating, suggesting positive investor sentiment on June 27th.
• Recent insider transactions included the sale of 15,000 shares by Director R. Rimmy Malhotra, indicating a 13.73% decrease in ownership after the sale.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) was up 0.8% during trading on Friday . The company traded as high as $10.96 and last traded at $10.40. Approximately 40,092 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 60,633 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

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

Optex Systems Stock Up 2.1%

The company's 50-day moving average price is $11.87 and its 200-day moving average price is $8.52. The firm has a market cap of $75.49 million, a price-to-earnings ratio of 14.57 and a beta of 0.34.

Optex Systems (NASDAQ:OPXS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $11.11 million during the quarter. Optex Systems had a net margin of 13.01% and a return on equity of 24.67%.

Insider Activity

In other news, major shareholder Topline Capital Partners, Lp sold 47,700 shares of Optex Systems stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $11.68, for a total value of $557,136.00. Following the completion of the transaction, the insider owned 691,256 shares in the company, valued at approximately $8,073,870.08. This trade represents a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director R. Rimmy Malhotra sold 15,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $11.01, for a total value of $165,150.00. Following the transaction, the director directly owned 94,278 shares of the company's stock, valued at approximately $1,038,000.78. This represents a 13.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,022 shares of company stock worth $1,347,817. Corporate insiders own 30.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its holdings in shares of Optex Systems by 23.0% in the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock valued at $162,000 after purchasing an additional 4,431 shares in the last quarter. LPL Financial LLC increased its holdings in Optex Systems by 22.5% in 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. Fullcircle Wealth LLC purchased a new position in Optex Systems in the first quarter valued at $83,000. Huntleigh Advisors Inc. increased its holdings in Optex Systems by 6.4% in the first quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock valued at $190,000 after buying an additional 2,021 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Optex Systems in the second quarter valued at $604,000. Institutional investors and hedge funds 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.