Run Strategic Opportunit North Sells 16,000 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTHGet Free Report) Director Run Strategic Opportunit North sold 16,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $12.00, for a total transaction of $192,000.00. Following the sale, the director owned 2,900,073 shares in the company, valued at $34,800,876. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • 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 value 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 value 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 stock was sold at an average price of $12.02, for a total value of $1,577,997.62.
  • On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The stock was 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 shares were sold at an average price of $12.53, for a total value of $7,462,529.69.
  • On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH traded down $0.18 during trading on Thursday, reaching $11.49. The stock had a trading volume of 1,497,013 shares, compared to its average volume of 2,882,034. The stock has a market cap of $663.09 million, a PE ratio of -22.10 and a beta of 0.98. LightPath Technologies, Inc. has a one year low of $1.61 and a one year high of $15.24. The firm’s 50 day moving average price is $11.59 and its two-hundred day moving average price is $9.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LPTH shares. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. Canaccord Genuity Group initiated coverage on LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. Finally, Lake Street Capital increased their price objective on LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.10.

View Our Latest Stock Report on LightPath Technologies

Institutional Trading of LightPath Technologies

A number of large investors have recently bought and sold shares of LPTH. Jefferies Financial Group Inc. raised 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 acquiring an additional 5,223 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in LightPath Technologies by 11.8% during the 4th 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 boosted its stake in 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 acquiring an additional 8,300 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $108,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of LightPath Technologies in the 3rd quarter valued at about $82,000. 56.29% of the stock is currently owned by institutional investors.

LightPath Technologies Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for LightPath Technologies (NASDAQ:LPTH)

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