LightPath Technologies (NASDAQ:LPTH) Director Sells $664,950.00 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 55,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $12.09, for a total transaction of $664,950.00. Following the completion of the sale, the director owned 3,020,527 shares in the company, valued at approximately $36,518,171.43. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total transaction of $4,640,628.72.
• On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The stock was sold at an average price of $12.03, for a total transaction of $2,875,061.73.
• On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total transaction of $3,655,120.56.
• On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The stock was sold at an average price of $12.02, for a total transaction of $1,577,997.62.
• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total value of $78,065.00.
• On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The stock was 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 Trading Down 1.5%

Shares of NASDAQ:LPTH traded down $0.18 during midday trading on Wednesday, reaching $11.80. The company had a trading volume of 1,871,351 shares, compared to its average volume of 2,983,933. The company has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $8.69. The firm has a market cap of $680.98 million, a price-to-earnings ratio of -22.69 and a beta of 0.98. LightPath Technologies, Inc. has a 1-year low of $1.61 and a 1-year high of $15.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97.

Analysts Set New Price Targets

Several research firms have weighed in on LPTH. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. HC Wainwright increased their price objective on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Canaccord Genuity Group began coverage on LightPath Technologies in a report on Thursday, January 29th. They issued a “buy” rating and a $15.00 target price on the stock. Lake Street Capital upped their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Portolan Capital Management LLC bought a new stake in LightPath Technologies during the third quarter worth approximately $12,939,000. Tudor Investment Corp ET AL acquired a new position in LightPath Technologies during the 3rd quarter worth $8,445,000. Granahan Investment Management LLC acquired a new position in LightPath Technologies during the 4th quarter worth $7,085,000. AWM Investment Company Inc. lifted its position in shares of LightPath Technologies by 40.9% during the 4th quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock worth $22,033,000 after purchasing an additional 592,500 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $3,669,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

LightPath Technologies Company Profile

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.