LightPath Technologies (NASDAQ:LPTH) Director Sells $78,065.00 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 6,500 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $12.01, for a total value of $78,065.00. Following the completion of the sale, the director owned 3,386,895 shares of the company’s stock, valued at $40,676,608.95. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 value of $1,577,997.62.
• 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 value 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 value of $9,028,162.12.

LightPath Technologies Trading Up 7.1%

Shares of LPTH traded up $0.79 during mid-day trading on Tuesday, reaching $11.99. 2,916,459 shares of the company were exchanged, compared to its average volume of 2,866,909. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. 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 stock has a market capitalization of $691.94 million, a PE ratio of -23.06 and a beta of 0.97. The business has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $8.40.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LPTH. Portolan Capital Management LLC bought a new position in LightPath Technologies during the third quarter worth $12,939,000. Tudor Investment Corp ET AL acquired a new position in shares of LightPath Technologies during the third quarter valued at about $8,445,000. Granahan Investment Management LLC bought a new position in shares of LightPath Technologies during the 4th quarter worth about $7,085,000. AWM Investment Company Inc. grew its stake in shares of LightPath Technologies by 40.9% in the 4th quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock valued at $22,033,000 after buying an additional 592,500 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of LightPath Technologies in the 3rd quarter valued at about $3,669,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analysts Set New Price Targets

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

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.