Topline Capital Maintains 10% Stake in Optex Systems
Ticker: OPXS · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1397016
| Field | Detail |
|---|---|
| Company | Optex Systems Holdings Inc (OPXS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**Topline Capital still owns 10% of Optex Systems, signaling strong conviction.**
AI Summary
Topline Capital Management, LLC, a California-based investment firm, has updated its ownership stake in Optex Systems Holdings, Inc. (NASDAQ: OPXS) as of December 31, 2023. This amendment (SC 13G/A) indicates that Topline Capital Management, LLC, along with group members COLLIN MCBIRNEY and TOPLINE CAPITAL PARTNERS, LP, collectively hold 1,000,000 shares of Optex Systems' common stock. This represents a significant 10.0% ownership of the company, making them a major shareholder and signaling their continued conviction in the stock.
Why It Matters
This filing shows a significant institutional investor, Topline Capital Management, LLC, is maintaining a substantial 10.0% ownership in Optex Systems, which can be seen as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
A smart investor would view this continued significant institutional ownership as a positive signal, suggesting that a sophisticated investor sees long-term value in Optex Systems. It might warrant further research into Optex Systems' fundamentals and recent performance.
Key Numbers
- 1,000,000 — Shares Beneficially Owned (Represents the total common stock held by Topline Capital Management, LLC and its group members.)
- 10.0% — Percentage of Class Owned (Indicates a significant ownership stake in Optex Systems Holdings, Inc.)
- December 31, 2023 — Date of Event (The snapshot date for the reported ownership.)
Key Players & Entities
- Topline Capital Management, LLC (company) — reporting person and investment firm
- Optex Systems Holdings, Inc. (company) — subject company, manufacturer of optical instruments
- COLLIN MCBIRNEY (person) — group member with Topline Capital Partners, LP
- TOPLINE CAPITAL PARTNERS, LP (company) — group member with Collin McBirney
- 1,000,000 (dollar_amount) — shares of common stock beneficially owned
- 10.0% (dollar_amount) — percentage of class beneficially owned
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Topline Capital Management, LLC will maintain a significant ownership stake in Optex Systems Holdings, Inc. for the foreseeable future. (Topline Capital Management, LLC) — high confidence, target: December 31, 2024
- The continued institutional ownership by Topline Capital Management, LLC may attract other institutional investors to Optex Systems Holdings, Inc. (Optex Systems Holdings, Inc.) — medium confidence, target: June 30, 2024
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting person is Topline Capital Management, LLC. The filing also lists COLLIN MCBIRNEY and TOPLINE CAPITAL PARTNERS, LP as group members.
What is the subject company of this filing?
The subject company is Optex Systems Holdings, Inc., which operates under the Standard Industrial Classification of OPTICAL INSTRUMENTS & LENSES [3827].
How many shares of Optex Systems Holdings, Inc. common stock are beneficially owned by the reporting group?
The reporting group, including Topline Capital Management, LLC, beneficially owns 1,000,000 shares of Optex Systems Holdings, Inc. common stock.
What percentage of Optex Systems Holdings, Inc.'s common stock does the reporting group beneficially own?
The reporting group beneficially owns 10.0% of Optex Systems Holdings, Inc.'s common stock.
What was the date of the event that required this Schedule 13G/A filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,229 words · 5 min read · ~4 pages · Grade level 14.9 · Accepted 2024-02-12 12:35:56
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
Filing Documents
- d583229dsc13ga.htm (SC 13G/A) — 57KB
- d583229dex99a.htm (EX-99.A) — 4KB
- 0001193125-24-031585.txt ( ) — 63KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Dated: February 12, 2024 TOPLINE CAPITAL MANAGEMENT, LLC By: /s/ Collin McBirney Collin McBirney Managing Member TOPLINE CAPITAL PARTNERS, LP By: Topline Capital Management, LLC, its general partner By: /s/ Collin McBirney Collin McBirney Managing Member COLLIN MCBIRNEY /s/ Collin McBirney 8 EXHIBIT LIST Exhibit A Joint Filing Undertaking