142,952 Shares in LightPath Technologies, Inc. $LPTH Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC acquired a new position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the fourth quarter, HoldingsChannel reports. The firm acquired 142,952 shares of the technology company’s stock, valued at approximately $1,544,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in LightPath Technologies by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 463,253 shares of the technology company’s stock worth $5,006,000 after purchasing an additional 38,149 shares in the last quarter. Jefferies Financial Group Inc. increased 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 worth $180,000 after purchasing an additional 5,223 shares in the last quarter. Larson Financial Group LLC grew its holdings in LightPath Technologies by 5,064.0% in the 4th quarter. Larson Financial Group LLC now owns 70,075 shares of the technology company’s stock valued at $757,000 after buying an additional 68,718 shares during the period. AIGH Capital Management LLC grew its holdings in LightPath Technologies by 14.5% in the 4th quarter. AIGH Capital Management LLC now owns 1,030,738 shares of the technology company’s stock valued at $11,132,000 after buying an additional 130,738 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new stake in LightPath Technologies in the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Down 2.9%

LPTH opened at $16.08 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.24. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -32.16 and a beta of 1.33. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $11.21. LightPath Technologies, Inc. has a 12 month low of $2.75 and a 12 month high of $18.94.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). LightPath Technologies had a negative return on equity of 15.55% and a negative net margin of 37.38%.The business had revenue of $19.15 million for the quarter, compared to analyst estimates of $17.04 million. On average, research analysts expect that LightPath Technologies, Inc. will post -0.11 earnings per share for the current year.

Insider Activity

In other news, Director Run Strategic Opportunit North sold 165,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $12.16, for a total transaction of $2,006,400.00. Following the completion of the sale, the director owned 2,990,112 shares in the company, valued at approximately $36,359,761.92. The trade was a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 715,858 shares of company stock worth $8,745,283. 24.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LPTH has been the subject of several recent analyst reports. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Canaccord Genuity Group lifted their price target on LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a report on Monday, May 11th. HC Wainwright lifted their price target on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.13.

LightPath Technologies 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.