Insider Selling: Optex Systems Holdings, Inc (NASDAQ:OPXS) Insider Sells 12,488 Shares of Stock

Optex Systems Holdings, Inc (NASDAQ:OPXS) insider Topline Capital Management, Ll sold 12,488 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $7.01, for a total transaction of $87,540.88. Following the completion of the transaction, the insider now owns 793,575 shares in the company, valued at $5,562,960.75. This represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 13,674 shares of Optex Systems stock. The shares were sold at an average price of $7.24, for a total transaction of $98,999.76.

Optex Systems Price Performance

Shares of OPXS opened at $6.86 on Thursday. The firm has a fifty day moving average price of $8.36 and a 200 day moving average price of $8.02. The stock has a market cap of $47.31 million, a PE ratio of 11.25 and a beta of 0.28. Optex Systems Holdings, Inc has a 1-year low of $5.14 and a 1-year high of $10.30.

Optex Systems (NASDAQ:OPXS) last posted its earnings results on Thursday, December 19th. The company reported $0.15 earnings per share for the quarter. Optex Systems had a return on equity of 26.20% and a net margin of 12.83%.

Hedge Funds Weigh In On Optex Systems

An institutional investor recently raised its position in Optex Systems stock. Essex Investment Management Co. LLC boosted its holdings in shares of Optex Systems Holdings, Inc (NASDAQ:OPXS) by 58.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,652 shares of the company’s stock after purchasing an additional 8,346 shares during the period. Essex Investment Management Co. LLC owned approximately 0.33% of Optex Systems worth $173,000 as of its most recent filing with the SEC. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

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.