Run Strategic Opportunit North Sells 45,000 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $12.29, for a total value of $553,050.00. Following the completion of the transaction, the director owned 3,155,112 shares of the company’s stock, valued at approximately $38,776,326.48. This trade represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 stock was sold at an average price of $12.16, for a total value of $2,006,400.00.
• 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 value 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 value 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 value 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 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 value 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 value 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 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 value 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 value of $1,577,997.62.

LightPath Technologies Price Performance

LPTH opened at $11.52 on Friday. The business has a fifty day moving average of $12.13 and a 200 day moving average of $10.59. LightPath Technologies, Inc. has a 52-week low of $2.21 and a 52-week high of $16.53. The company has a quick ratio of 3.42, a current ratio of 3.86 and a debt-to-equity ratio of 0.01. The stock has a market cap of $723.34 million, a P/E ratio of -23.04 and a beta of 1.26.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LPTH shares. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Tuesday, April 21st. HC Wainwright boosted their price objective on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Canaccord Genuity Group boosted their price objective on LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a report on Monday, May 11th. One investment 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 stock has a consensus rating of “Moderate Buy” and an average price target of $14.13.

Institutional Investors Weigh In On LightPath Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in LightPath Technologies by 6.0% during the 1st 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 in the last quarter. Jefferies Financial Group Inc. raised its position in LightPath Technologies by 45.8% during the 4th 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 in the last quarter. Thompson Davis & CO. Inc. raised 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 in the last quarter. OMERS ADMINISTRATION Corp raised its position in LightPath Technologies by 41.3% during the 4th 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 in the last quarter. Finally, Lake Street Private Wealth LLC bought a new stake in LightPath Technologies during the 4th quarter valued at $108,000. 56.29% of the stock is owned by institutional investors.

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.