LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 165,000 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $12.16, for a total transaction of $2,006,400.00. Following the transaction, the director directly owned 2,990,112 shares in the company, valued at approximately $36,359,761.92. This represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 13th, Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.29, for a total transaction of $553,050.00.
• On Tuesday, May 12th, Run Strategic Opportunit North sold 83,052 shares of LightPath Technologies stock. The stock was sold at an average price of $12.25, for a total transaction of $1,017,387.00.
• On Wednesday, March 25th, Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock. The stock was sold at an average price of $12.31, for a total transaction of $3,721,953.12.
• On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The stock was 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 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 stock was 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.

LightPath Technologies Trading Up 0.2%

NASDAQ:LPTH opened at $12.15 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $762.90 million, a PE ratio of -24.30 and a beta of 1.26. The firm’s 50 day moving average is $12.14 and its 200 day moving average is $10.59. LightPath Technologies, Inc. has a 12 month low of $2.21 and a 12 month high of $16.53.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $19.15 million for the quarter, compared to analysts’ expectations of $17.04 million. LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. Sell-side analysts expect that LightPath Technologies, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on LPTH shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group lifted their price objective on shares of LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Monday. Finally, HC Wainwright lifted their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.13.

Institutional Investors Weigh In On LightPath Technologies

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in LightPath Technologies by 55.6% during the first quarter. Renaissance Technologies LLC now owns 395,922 shares of the technology company’s stock valued at $3,971,000 after buying an additional 141,473 shares during the period. Sei Investments Co. boosted its stake in LightPath Technologies by 74.2% during the first quarter. Sei Investments Co. now owns 538,788 shares of the technology company’s stock valued at $5,404,000 after buying an additional 229,515 shares during the period. Granite Investment Partners LLC bought a new stake in LightPath Technologies during the first quarter valued at $123,000. Counterpoint Mutual Funds LLC bought a new stake in LightPath Technologies during the first quarter valued at $4,249,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in LightPath Technologies during the first quarter valued at $600,000. Institutional investors 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.