LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 770,321 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 770,321 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares of the company’s stock, valued at $31,983,504.96. This represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

LightPath Technologies Trading Up 5.9%

NASDAQ LPTH opened at $12.20 on Thursday. The firm’s 50 day moving average price is $8.30 and its two-hundred day moving average price is $6.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98. LightPath Technologies, Inc. has a twelve month low of $1.61 and a twelve month high of $12.49. The stock has a market cap of $555.47 million, a price-to-earnings ratio of -31.28 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. HC Wainwright boosted their target price on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Lake Street Capital upped their target price on LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

Institutional Investors Weigh In On LightPath Technologies

Hedge funds have recently modified their holdings of the business. Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter worth $108,000. JPMorgan Chase & Co. acquired a new stake in LightPath Technologies in the 3rd quarter worth $183,000. Tudor Investment Corp ET AL acquired a new stake in LightPath Technologies in the 3rd quarter worth $8,445,000. FNY Investment Advisers LLC bought a new position in shares of LightPath Technologies during the 3rd quarter worth about $396,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of LightPath Technologies during the third quarter valued at about $84,000. 56.29% of the stock is owned by institutional investors.

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.