LightPath Technologies, Inc. $LPTH Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC grew its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 141.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the technology company’s stock after acquiring an additional 117,000 shares during the quarter. HUB Investment Partners LLC’s holdings in LightPath Technologies were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wealth Effects LLC boosted its stake in LightPath Technologies by 9.7% during the 3rd quarter. Wealth Effects LLC now owns 149,250 shares of the technology company’s stock worth $1,184,000 after purchasing an additional 13,250 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of LightPath Technologies during the third quarter worth about $106,000. Thompson Davis & CO. Inc. increased its position in LightPath Technologies by 31.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 56,909 shares of the technology company’s stock valued at $451,000 after acquiring an additional 13,559 shares during the period. SG Americas Securities LLC acquired a new position in LightPath Technologies in the 3rd quarter valued at about $139,000. Finally, Marathon Capital Management acquired a new stake in LightPath Technologies during the 2nd quarter worth approximately $54,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Run Strategic Opportunit North sold 55,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $12.09, for a total value of $664,950.00. Following the completion of the sale, the director directly owned 3,020,527 shares in the company, valued at approximately $36,518,171.43. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 2,478,762 shares of company stock worth $29,982,515. 24.80% of the stock is currently owned by corporate insiders.

LightPath Technologies Price Performance

LPTH opened at $11.07 on Friday. LightPath Technologies, Inc. has a 52-week low of $1.61 and a 52-week high of $15.24. The company has a 50 day moving average of $11.60 and a two-hundred day moving average of $8.79. The company has a market cap of $638.85 million, a P/E ratio of -21.29 and a beta of 0.98. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01.

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.