Dimensional Fund Advisors LP Sells 100,721 Shares of Optical Cable Corporation $OCC
Dimensional Fund Advisors LP trimmed its holdings in shares of Optical Cable Corporation (NASDAQ:OCC - Free Report) by 37. 5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,211 shares of the communication
Dimensional Fund Advisors LP trimmed its holdings in shares of Optical Cable Corporation (NASDAQ:OCC-Free Report) by 37. 5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,211 shares of the communications equipment provider's stock after selling 100,721 shares during the quarter. Dimensional Fund Advisors LP owned 1. 90% of Optical Cable worth $1,388,000 at the end of the most recent reporting period. Optical Cable Corporation: Strong Earnings, But Hurdles RemainA number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Optical Cable during the 4th quarter valued at about $57,000. Citadel Advisors LLC acquired a new stake in shares of Optical Cable in the third quarter worth approximately $102,000. Round Rock Advisors LLC purchased a new position in shares of Optical Cable during the 4th quarter worth $139,000. State Street Corp lifted its stake in Optical Cable by 37. 4% during the fourth quarter. State Street Corp now owns 36,773 shares of the communications equipment provider's stock worth $164,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Optical Cable in the fourth quarter valued at $210,000. Institutional investors own 13. 61% of the company's stock. GetOptical Cablealerts:Insider Transactions at Optical CableIn other Optical Cable news, CFO Tracy G. Smith sold 16,453 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $17. 23, for a total transaction of $283,485. 19. Following the transaction, the chief financial officer directly owned 329,826 shares of the company's stock, valued at $5,682,901. 98. This represents a 4. 75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available throughthe SEC website. Corporate insiders own 22. 40% of the company's stock. Analyst Upgrades and DowngradesOCC has been the topic of a number of research reports. Weiss Ratingsrestated a "sell (d-)" rating on shares of Optical Cable in a research note on Friday, July 17th. Wall Street Zencut Optical Cable from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell". Read Our Latest Research Report on OCCOptical Cable Stock Up 7. 0%Shares ofNASDAQ OCCopened at $17. 80 on Friday. The stock's 50-day simple moving average is $17. 47 and its 200-day simple moving average is $11. 90. Optical Cable Corporation has a 1 year low of $4. 02 and a 1 year high of $27. 98. The firm has a market cap of $157. 17 million, a price-to-earnings ratio of 148. 35 and a beta of 0. 55. The company has a debt-to-equity ratio of 0. 17, a quick ratio of 0. 74 and a current ratio of 2. 08. Optical Cable (NASDAQ:OCC-Get Free Report) last posted its earnings results on Monday, June 8th. The communications equipment provider reported $0. 12 EPS for the quarter. The company had revenue of $22. 21 million during the quarter. Optical Cable had a return on equity of 5. 92% and a net margin of 1. 29%. During the same period last year, the company posted ($0. 09) earnings per share. About Optical Cable(Free Report)Optical Cable CorporationNASDAQ: OCCis a publicly traded designer and manufacturer of optical fiber and copper communications cable solutions. Headquartered in Roanoke, Virginia, the company develops a broad range of standard and custom cable assemblies, connectors, hardware and accessories. Its product portfolio addresses data transmission requirements in demanding environments, including long-haul telecommunications, industrial automation, defense systems and submersible applications. The company's offerings are organized across multiple product lines, encompassing outside-plant fiber optic cable for aerial and underground installations, indoor/outdoor copper connectivity and specialty engineered cable assemblies. Recommended StoriesFive stocks we like better than Optical CableSony and TSMC’s $4. 7 Billion Venture Is About More Than Camera SensorsQuantum Leaps: Debt-Free as AI Storage Demand AcceleratesNVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270Sandisk’s Margins Look Like Software. Can They Last?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Optical Cable Right Now?Before you consider Optical Cable, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Optical Cable wasn't on the list. While Optical Cable currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. 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