LightPath Technologies (NASDAQ:LPTH) Director Sells $3,655,120.56 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 300,092 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $12.18, for a total transaction of $3,655,120.56. Following the transaction, the director directly owned 2,955,522 shares in the company, valued at $35,998,257.96. The trade was a 9.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The shares were 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 shares were sold at an average price of $11.72, for a total transaction of $9,028,162.12.

LightPath Technologies Stock Performance

LPTH traded down $0.71 on Friday, hitting $10.43. The company had a trading volume of 1,914,363 shares, compared to its average volume of 3,248,839. 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 company’s fifty day moving average price is $11.26 and its 200 day moving average price is $8.44. The stock has a market cap of $601.90 million, a price-to-earnings ratio of -20.06 and a beta of 0.97. LightPath Technologies, Inc. has a 1-year low of $1.61 and a 1-year high of $15.24.

Institutional Trading of LightPath Technologies

Several institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in LightPath Technologies during the third quarter worth $953,000. Calamos Advisors LLC acquired a new position in shares of LightPath Technologies in the 3rd quarter worth approximately $1,322,000. Thompson Davis & CO. Inc. acquired a new position in shares of LightPath Technologies in the 2nd quarter worth approximately $137,000. Mangrove Partners IM LLC bought a new stake in LightPath Technologies during the 4th quarter worth approximately $345,000. Finally, Monashee Investment Management LLC acquired a new stake in LightPath Technologies during the 4th quarter valued at $1,080,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on LPTH. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Lake Street Capital boosted their target price 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 increased their price target 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. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Canaccord Genuity Group assumed coverage on shares of LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LightPath Technologies has an average rating of “Moderate Buy” and an average price target of $12.10.

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.