Crewe Advisors LLC Acquires New Position in LightPath Technologies, Inc. (NASDAQ:LPTH)

Crewe Advisors LLC acquired a new stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,000 shares of the technology company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Effects LLC bought a new stake in LightPath Technologies during the 4th quarter valued at about $164,000. Murphy Pohlad Asset Management LLC increased its position in LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in LightPath Technologies by 104.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after purchasing an additional 67,429 shares during the period. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Up 4.3 %

LPTH stock opened at $3.40 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies, Inc. has a twelve month low of $1.04 and a twelve month high of $4.42. The company’s 50 day moving average is $2.93 and its two-hundred day moving average is $1.95. The stock has a market cap of $134.86 million, a P/E ratio of -15.45 and a beta of 1.01.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $8.55 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. During the same period in the previous year, the company posted ($0.04) EPS. Research analysts expect that LightPath Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LPTH has been the subject of a number of recent analyst reports. HC Wainwright lifted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Lake Street Capital lifted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, LADENBURG THALM/SH SH boosted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.