Wasatch Advisors LP Buys 236,523 Shares of Optex Systems Holdings Inc. $OPXS

Wasatch Advisors LP grew its stake in Optex Systems Holdings Inc. (NASDAQ:OPXS) by 59.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 634,671 shares of the company’s stock after purchasing an additional 236,523 shares during the period. Wasatch Advisors LP owned about 0.09% of Optex Systems worth $8,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors acquired a new stake in Optex Systems during the fourth quarter worth approximately $821,000. O Shaughnessy Asset Management LLC raised its holdings in Optex Systems by 92.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 72,795 shares of the company’s stock valued at $1,032,000 after acquiring an additional 34,942 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Optex Systems by 108.6% during the 4th quarter. Ritholtz Wealth Management now owns 46,740 shares of the company’s stock worth $663,000 after purchasing an additional 24,332 shares during the period. Citadel Advisors LLC lifted its stake in shares of Optex Systems by 106.9% during the 3rd quarter. Citadel Advisors LLC now owns 36,285 shares of the company’s stock worth $468,000 after purchasing an additional 18,749 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Optex Systems by 6,439.6% during the third quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock worth $45,000 after purchasing an additional 3,413 shares during the last quarter. 19.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Optex Systems in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Optex Systems Stock Down 2.8%

Optex Systems stock opened at $11.28 on Thursday. The firm has a fifty day moving average of $12.47 and a 200-day moving average of $12.51. Optex Systems Holdings Inc. has a 52-week low of $9.74 and a 52-week high of $17.76. The firm has a market capitalization of $78.51 million, a P/E ratio of 20.51 and a beta of 0.50.

Optex Systems (NASDAQ:OPXS) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 18.03%. The firm had revenue of $9.73 million during the quarter.

Optex Systems Profile

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.