Run Strategic Opportunit North Sells 302,352 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 302,352 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $12.31, for a total value of $3,721,953.12. Following the transaction, the director directly owned 3,283,164 shares of the company’s stock, valued at approximately $40,415,748.84. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.00, for a total transaction of $192,000.00.
• On Tuesday, March 17th, Run Strategic Opportunit North sold 104,454 shares of LightPath Technologies stock. The stock was sold at an average price of $12.01, for a total transaction of $1,254,492.54.
• On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.09, for a total transaction of $664,950.00.
• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The stock was 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 shares were 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 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 stock was sold at an average price of $12.53, for a total transaction of $7,462,529.69.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The shares were sold at an average price of $11.72, for a total value of $9,028,162.12.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $9.49 on Monday. 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 current ratio of 3.97 and a quick ratio of 3.42. The stock has a market cap of $547.67 million, a PE ratio of -18.25 and a beta of 0.98. The stock’s fifty day moving average is $11.40 and its two-hundred day moving average is $9.47.

Analyst Ratings Changes

LPTH has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Lake Street Capital boosted their price objective 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. HC Wainwright upped their target price on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Canaccord Genuity Group started coverage on shares of LightPath Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in LightPath Technologies by 915.6% during the fourth quarter. Millennium Management LLC now owns 312,267 shares of the technology company’s stock worth $3,372,000 after buying an additional 281,519 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $337,000. Boothbay Fund Management LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $352,000. Apis Capital Advisors LLC grew its position in shares of LightPath Technologies by 430.0% during the fourth quarter. Apis Capital Advisors LLC now owns 424,000 shares of the technology company’s stock worth $4,579,000 after acquiring an additional 344,000 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of LightPath Technologies during the fourth quarter worth approximately $1,443,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.