1,064,940 Shares in LightPath Technologies, Inc. $LPTH Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,064,940 shares of the technology company’s stock, valued at approximately $8,445,000.

Several other hedge funds also recently added to or reduced their stakes in LPTH. Portolan Capital Management LLC acquired a new position in LightPath Technologies during the 3rd quarter valued at about $12,939,000. Russell Investments Group Ltd. acquired a new position in shares of LightPath Technologies during the third quarter valued at $3,669,000. Calamos Advisors LLC bought a new stake in shares of LightPath Technologies during the third quarter valued at about $1,322,000. Principal Financial Group Inc. acquired a new stake in LightPath Technologies in the third quarter worth about $953,000. Finally, HUB Investment Partners LLC increased its stake in LightPath Technologies by 141.0% during the 3rd quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock valued at $1,586,000 after buying an additional 117,000 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LightPath Technologies

In related news, Director Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $12.00, for a total value of $192,000.00. Following the completion of the sale, the director owned 2,900,073 shares of the company’s stock, valued at approximately $34,800,876. The trade was a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 2,599,216 shares of company stock valued at $31,429,008. Insiders own 24.80% of the company’s stock.

Analyst Ratings Changes

LPTH has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. HC Wainwright lifted their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canaccord Genuity Group assumed coverage on LightPath Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

LightPath Technologies Price Performance

Shares of LPTH opened at $10.53 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.97 and a quick ratio of 3.42. The company has a market capitalization of $607.69 million, a price-to-earnings ratio of -20.25 and a beta of 0.98. The business’s 50-day moving average is $11.54 and its 200-day moving average is $9.27. LightPath Technologies, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $15.24.

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.