LightPath Technologies Sees Unusually High Options Volume (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of some unusual options trading on Thursday. Stock investors purchased 23,567 call options on the company. This is an increase of 533% compared to the typical volume of 3,725 call options.

Insider Activity

In other news, Director Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the transaction, the director directly owned 2,728,968 shares in the company, valued at approximately $31,983,504.96. This trade represents a 22.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LPTH. Thompson Davis & CO. Inc. boosted 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 worth $687,000 after acquiring an additional 6,691 shares during the period. SG Americas Securities LLC lifted its position in shares of LightPath Technologies by 211.2% in the fourth quarter. SG Americas Securities LLC now owns 54,408 shares of the technology company’s stock worth $588,000 after purchasing an additional 36,925 shares in the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth approximately $108,000. JPMorgan Chase & Co. purchased a new position in LightPath Technologies during the third quarter valued at approximately $183,000. Finally, Tudor Investment Corp ET AL acquired a new position in LightPath Technologies in the 3rd quarter valued at approximately $8,445,000. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Trading Down 1.1%

Shares of NASDAQ:LPTH traded down $0.14 during mid-day trading on Friday, hitting $13.03. The stock had a trading volume of 1,305,904 shares, compared to its average volume of 2,942,884. The company’s 50 day moving average is $8.84 and its 200-day moving average is $6.70. LightPath Technologies has a 12-month low of $1.61 and a 12-month high of $15.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98. The company has a market cap of $593.21 million, a PE ratio of -33.63 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. HC Wainwright increased their target price on shares of LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. Finally, Lake Street Capital upped their price target on LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LightPath Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

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.