Danny Robert Schoening Sells 28,924 Shares of Optex Systems (NASDAQ:OPXS) Stock

Optex Systems Holdings Inc. (NASDAQ:OPXS) Director Danny Robert Schoening sold 28,924 shares of Optex Systems stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $14.06, for a total value of $406,671.44. Following the transaction, the director owned 796,730 shares in the company, valued at $11,202,023.80. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, January 7th, Danny Robert Schoening sold 27,946 shares of Optex Systems stock. The stock was sold at an average price of $13.44, for a total value of $375,594.24.
• On Tuesday, January 6th, Danny Robert Schoening sold 14,066 shares of Optex Systems stock. The stock was 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 shares were 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 transaction of $473,618.89.

Optex Systems Trading Up 2.3%

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Optex Systems in a research report on Wednesday, October 8th. Wall Street Zen cut Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

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

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.