LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) Director Run Strategic Opportunit North sold 83,052 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $12.25, for a total transaction of $1,017,387.00. Following the completion of the transaction, the director directly owned 3,200,112 shares in the company, valued at $39,201,372. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Run Strategic Opportunit North also recently made the following trade(s):
- On Thursday, May 14th, Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.16, for a total transaction of $2,006,400.00.
- On Wednesday, May 13th, Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.29, for a total transaction of $553,050.00.
- On Wednesday, March 25th, Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock. The shares were 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 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $12.02, for a total transaction of $1,577,997.62.
LightPath Technologies Trading Down 5.2%
NASDAQ LPTH opened at $11.52 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.42. The firm’s fifty day moving average price is $12.13 and its 200 day moving average price is $10.59. The company has a market capitalization of $723.34 million, a price-to-earnings ratio of -23.04 and a beta of 1.26. LightPath Technologies, Inc. has a 12 month low of $2.21 and a 12 month high of $16.53.
Institutional Trading of LightPath Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of LightPath Technologies by 6.0% in the first quarter. SG Americas Securities LLC now owns 57,684 shares of the technology company’s stock valued at $579,000 after purchasing an additional 3,276 shares during the period. Jefferies Financial Group Inc. lifted its stake in shares of LightPath Technologies by 45.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 16,623 shares of the technology company’s stock valued at $180,000 after purchasing an additional 5,223 shares during the period. Thompson Davis & CO. Inc. lifted its stake in shares of LightPath Technologies by 11.8% in the fourth quarter. Thompson Davis & CO. Inc. now owns 63,600 shares of the technology company’s stock valued at $687,000 after purchasing an additional 6,691 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in shares of LightPath Technologies by 41.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 28,400 shares of the technology company’s stock valued at $307,000 after purchasing an additional 8,300 shares during the period. Finally, Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at about $108,000. Institutional investors and hedge funds own 56.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Tuesday, April 21st. Canaccord Genuity Group raised their price objective on shares of LightPath Technologies from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.13.
Read Our Latest Research Report on LPTH
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.
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