Optex Systems (NASDAQ:OPXS) Trading Up 1.1% - Here's What Happened

Optex Systems Holdings, Inc (NASDAQ:OPXS - Get Free Report)'s share price was up 1.1% during mid-day trading on Friday . The stock traded as high as $8.84 and last traded at $8.29. Approximately 18,816 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 23,252 shares. The stock had previously closed at $8.20.

Optex Systems Price Performance

The firm's 50-day moving average price is $6.61 and its 200-day moving average price is $6.87. The company has a market cap of $61.59 million, a price-to-earnings ratio of 14.61 and a beta of 0.13.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly 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 during the quarter. Optex Systems had a net margin of 11.87% and a return on equity of 22.99%.

Insider Buying and Selling at Optex Systems

In related news, CEO Danny Robert Schoening sold 9,787 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.05, for a total value of $78,785.35. Following the sale, the chief executive officer now owns 924,794 shares of the company's stock, valued at $7,444,591.70. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dale E. Lehmann sold 30,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $5.65, for a total transaction of $169,500.00. Following the completion of the sale, the director now directly owns 144,258 shares in the company, valued at approximately $815,057.70. This trade represents a 17.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,000 shares of company stock worth $346,243 in the last ninety days. 30.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Optex Systems

Several large investors have recently bought and sold shares of OPXS. IFP Advisors Inc acquired a new position in Optex Systems during the 4th quarter valued at about $71,000. Fullcircle Wealth LLC acquired a new stake in shares of Optex Systems during the 1st quarter valued at $83,000. LPL Financial LLC lifted its stake 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 acquiring an additional 4,000 shares during the last quarter. Citadel Advisors LLC lifted its stake 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 last quarter. Finally, Evernest Financial Advisors LLC acquired a new stake in Optex Systems in the fourth quarter valued at approximately $180,000. Institutional investors and hedge funds 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.