LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 300,092 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 300,092 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $12.18, for a total value of $3,655,120.56. Following the completion of the transaction, the director directly owned 2,955,522 shares in the company, valued at approximately $35,998,257.96. The trade was a 9.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total transaction of $78,065.00.
• On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The stock was sold at an average price of $12.53, for a total transaction of $7,462,529.69.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The shares were sold at an average price of $11.72, for a total transaction of $9,028,162.12.

LightPath Technologies Stock Down 6.4%

NASDAQ:LPTH opened at $10.43 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. The company has a market capitalization of $601.92 million, a price-to-earnings ratio of -20.06 and a beta of 0.97. LightPath Technologies, Inc. has a one year low of $1.61 and a one year high of $15.24. The stock has a 50-day simple moving average of $11.32 and a 200 day simple moving average of $8.49.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marathon Capital Management acquired a new stake in shares of LightPath Technologies in the second quarter valued at $54,000. J.W. Cole Advisors Inc. acquired a new stake in LightPath Technologies in the 2nd quarter valued at about $79,000. Occudo Quantitative Strategies LP bought a new position in shares of LightPath Technologies during the 3rd quarter valued at about $82,000. Hudson Bay Capital Management LP bought a new stake in shares of LightPath Technologies in the 3rd quarter worth approximately $84,000. Finally, Wexford Capital LP acquired a new stake in LightPath Technologies during the third quarter valued at approximately $88,000. Institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LPTH. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. HC Wainwright increased their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Lake Street Capital raised their target price on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Canaccord Genuity Group assumed coverage on LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

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.