LightPath Technologies (NASDAQ:LPTH) Director Sells $553,050.00 in Stock

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

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $664,950.00.
• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $4,640,628.72.
• On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The stock was sold at an average price of $12.03, for a total transaction of $2,875,061.73.
• On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $3,655,120.56.
• 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 transaction of $1,577,997.62.

LightPath Technologies Stock Performance

Shares of LPTH opened at $11.52 on Friday. The company has a market capitalization of $723.33 million, a PE ratio of -23.04 and a beta of 1.26. LightPath Technologies, Inc. has a one year low of $2.21 and a one year high of $16.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.42. The company’s fifty day moving average price is $12.13 and its 200 day moving average price is $10.59.

LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $19.15 million for the quarter, compared to the consensus estimate of $17.04 million. LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. As a group, analysts expect that LightPath Technologies, Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of LightPath Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of LPTH. Jane Street Group LLC grew its position in LightPath Technologies by 92.1% in the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock worth $122,000 after purchasing an additional 29,054 shares during the last quarter. Mink Brook Asset Management LLC acquired a new stake in LightPath Technologies in the 2nd quarter worth $246,000. SG Americas Securities LLC acquired a new stake in LightPath Technologies in the 3rd quarter worth $139,000. Wealth Effects LLC boosted its position in shares of LightPath Technologies by 9.7% during the 3rd quarter. Wealth Effects LLC now owns 149,250 shares of the technology company’s stock valued at $1,184,000 after acquiring an additional 13,250 shares in the last quarter. Finally, GatePass Capital LLC acquired a new stake in shares of LightPath Technologies during the 3rd quarter valued at about $198,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Sunday. Canaccord Genuity Group raised their price target on shares of LightPath Technologies from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a research report on Tuesday, April 21st. Finally, HC Wainwright raised their price target on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.13.

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.