Insider Selling: Optex Systems Holdings, Inc (NASDAQ:OPXS) Director Sells 30,000 Shares of Stock

Optex Systems Holdings, Inc (NASDAQ:OPXS) Director Dale E. Lehmann sold 30,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $5.65, for a total value of $169,500.00. Following the sale, the director now owns 144,258 shares in the company, valued at approximately $815,057.70. The trade was a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Optex Systems Stock Performance

OPXS opened at $5.58 on Wednesday. The business’s fifty day moving average is $6.31 and its two-hundred day moving average is $7.57. The company has a market cap of $38.49 million, a price-to-earnings ratio of 9.15 and a beta of 0.26. Optex Systems Holdings, Inc has a one year low of $5.43 and a one year high of $10.30.

Optex Systems (NASDAQ:OPXS) last posted its earnings results on Monday, February 10th. The company reported $0.12 EPS for the quarter. Optex Systems had a return on equity of 22.99% and a net margin of 11.87%.

Hedge Funds Weigh In On Optex Systems

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new position in shares of Optex Systems in the fourth quarter worth $71,000. LPL Financial LLC raised its holdings in shares of Optex Systems by 22.5% in the fourth quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock worth $149,000 after acquiring an additional 4,000 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Optex Systems by 23.0% in the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock worth $162,000 after acquiring an additional 4,431 shares during the last quarter. Evernest Financial Advisors LLC acquired a new position in shares of Optex Systems in the fourth quarter worth $180,000. Finally, Geode Capital Management LLC raised its holdings in shares of Optex Systems by 44.7% in the third quarter. Geode Capital Management LLC now owns 56,535 shares of the company’s stock worth $431,000 after acquiring an additional 17,472 shares during the last quarter. 19.07% of the stock is owned by institutional investors and hedge funds.

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.