Insider Selling: Optical Cable Co. (OCC) Chairman Sells 10,000 Shares of Stock

Optical Cable Co. (NASDAQ:OCC) Chairman Neil D. Wilkin, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $3.50, for a total transaction of $35,000.00. Following the completion of the sale, the chairman now owns 1,074,405 shares of the company’s stock, valued at approximately $3,760,417.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OCC stock traded down $0.04 during trading hours on Friday, reaching $3.70. The stock had a trading volume of 34 shares, compared to its average volume of 49,177. The company has a current ratio of 2.80, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. Optical Cable Co. has a fifty-two week low of $2.13 and a fifty-two week high of $4.10.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings results on Monday, June 11th. The communications equipment provider reported $0.18 EPS for the quarter. The firm had revenue of $26.89 million during the quarter. Optical Cable had a net margin of 0.12% and a return on equity of 0.40%.

A hedge fund recently raised its stake in Optical Cable stock. Shepherd Kaplan Krochuk LLC raised its position in Optical Cable Co. (NASDAQ:OCC) by 113.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,687 shares of the communications equipment provider’s stock after acquiring an additional 20,057 shares during the quarter. Shepherd Kaplan Krochuk LLC owned approximately 0.49% of Optical Cable worth $113,000 at the end of the most recent reporting period. 11.20% of the stock is currently owned by hedge funds and other institutional investors.

About Optical Cable

Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair.

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