LightPath Technologies (NASDAQ:LPTH) Director Sells $1,577,997.62 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $12.02, for a total transaction of $1,577,997.62. Following the completion of the transaction, the director directly owned 3,255,514 shares of the company’s stock, valued at $39,131,278.28. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Run Strategic Opportunit North also recently made the following trade(s):

• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The stock was sold at an average price of $12.01, for a total transaction of $78,065.00.
• On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The shares were sold at an average price of $12.53, for a total value of $7,462,529.69.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The stock was sold at an average price of $11.72, for a total value of $9,028,162.12.

LightPath Technologies Stock Performance

Shares of LPTH stock opened at $11.14 on Friday. The company has a current ratio of 3.97, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a 12-month low of $1.61 and a 12-month high of $15.24. The business’s 50 day moving average is $11.26 and its two-hundred day moving average is $8.44. The company has a market capitalization of $642.88 million, a P/E ratio of -21.42 and a beta of 0.97.

Institutional Trading of LightPath Technologies

Several large investors have recently bought and sold shares of LPTH. Portolan Capital Management LLC purchased a new position in LightPath Technologies in the 3rd quarter worth approximately $12,939,000. Tudor Investment Corp ET AL purchased a new position in LightPath Technologies during the third quarter worth approximately $8,445,000. Granahan Investment Management LLC purchased a new position in LightPath Technologies during the fourth quarter worth approximately $7,085,000. AWM Investment Company Inc. boosted its stake in LightPath Technologies by 40.9% during the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock worth $22,033,000 after buying an additional 592,500 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in LightPath Technologies in the 3rd quarter valued at $3,669,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Lake Street Capital upped their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Canaccord Genuity Group started coverage on shares of LightPath Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.10.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.