Essex Investment Management Co. LLC Trims Position in Optex Systems Holdings, Inc (NASDAQ:OPXS)

Essex Investment Management Co. LLC lowered its position in shares of Optex Systems Holdings, Inc (NASDAQ:OPXS) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,308 shares of the company’s stock after selling 2,344 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Optex Systems were worth $139,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc purchased a new position in Optex Systems during the fourth quarter worth about $71,000. Evernest Financial Advisors LLC purchased a new stake in shares of Optex Systems during the 4th quarter worth about $180,000. Finally, Geode Capital Management LLC grew its stake in Optex Systems by 44.7% during the third quarter. Geode Capital Management LLC now owns 56,535 shares of the company’s stock worth $431,000 after buying an additional 17,472 shares during the period. Hedge funds and other institutional investors own 19.07% of the company’s stock.

Optex Systems Trading Up 2.2 %

Shares of NASDAQ OPXS opened at $5.72 on Monday. Optex Systems Holdings, Inc has a 12-month low of $5.43 and a 12-month high of $10.30. The company has a market cap of $39.48 million, a P/E ratio of 9.38 and a beta of 0.26. The stock has a fifty day moving average price of $6.34 and a 200 day moving average price of $7.59.

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

Insider Buying and Selling

In related news, insider Topline Capital Management, Ll sold 13,674 shares of Optex Systems stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $7.24, for a total value of $98,999.76. Following the completion of the transaction, the insider now directly owns 779,901 shares in the company, valued at approximately $5,646,483.24. This trade represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.30% of the company’s stock.

Optex Systems 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.