Danny Robert Schoening Sells 27,946 Shares of Optex Systems (NASDAQ:OPXS) Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 27,946 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $13.44, for a total transaction of $375,594.24. Following the transaction, the director directly owned 825,654 shares of the company’s stock, valued at $11,096,789.76. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Danny Robert Schoening also recently made the following trade(s):

• On Thursday, January 8th, Danny Robert Schoening sold 28,924 shares of Optex Systems stock. The shares were sold at an average price of $14.06, for a total transaction of $406,671.44.
• On Tuesday, January 6th, Danny Robert Schoening sold 14,066 shares of Optex Systems stock. The shares were sold at an average price of $13.02, for a total value of $183,139.32.
• On Monday, January 5th, Danny Robert Schoening sold 5,495 shares of Optex Systems stock. The stock was sold at an average price of $13.08, for a total value of $71,874.60.
• On Friday, January 2nd, Danny Robert Schoening sold 34,147 shares of Optex Systems stock. The stock was sold at an average price of $13.87, for a total value of $473,618.89.

Optex Systems Price Performance

OPXS opened at $15.08 on Friday. The stock’s 50 day moving average price is $14.34 and its 200 day moving average price is $13.36. The stock has a market cap of $104.66 million, a P/E ratio of 20.11 and a beta of 0.64. Optex Systems Holdings Inc. has a 12 month low of $5.36 and a 12 month high of $17.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Optex Systems during the second quarter worth about $30,000. Bank of America Corp DE boosted its position in shares of Optex Systems by 6,439.6% during the 3rd quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock valued at $45,000 after purchasing an additional 3,413 shares in the last quarter. LSV Asset Management acquired a new position in shares of Optex Systems in the 2nd quarter worth approximately $63,000. Bridgeway Capital Management LLC bought a new stake in shares of Optex Systems in the 3rd quarter worth approximately $142,000. Finally, Financial Advocates Investment Management raised its holdings in shares of Optex Systems by 9.8% in the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock worth $130,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors own 19.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Optex Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.