LightPath Technologies, Inc. $LPTH Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 5,064.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,075 shares of the technology company’s stock after purchasing an additional 68,718 shares during the quarter. Larson Financial Group LLC owned 0.15% of LightPath Technologies worth $757,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LPTH. Jane Street Group LLC grew its stake in LightPath Technologies by 92.1% during the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock valued at $122,000 after purchasing an additional 29,054 shares in the last quarter. Mink Brook Asset Management LLC acquired a new stake in LightPath Technologies during the 2nd quarter valued at approximately $246,000. SG Americas Securities LLC acquired a new stake in LightPath Technologies during the 3rd quarter valued at approximately $139,000. Principal Financial Group Inc. acquired a new stake in LightPath Technologies during the 3rd quarter valued at approximately $953,000. Finally, Thompson Davis & CO. Inc. grew its stake in LightPath Technologies by 31.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 56,909 shares of the technology company’s stock valued at $451,000 after purchasing an additional 13,559 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

Insider Transactions at LightPath Technologies

In related news, Director Run Strategic Opportunit North sold 595,573 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $12.53, for a total transaction of $7,462,529.69. Following the completion of the transaction, the director owned 3,393,395 shares in the company, valued at $42,519,239.35. The trade was a 14.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 2,424,299 shares of company stock worth $29,699,636. Insiders own 24.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LPTH shares. Wall Street Zen lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research report on Tuesday, April 21st. HC Wainwright lifted their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Canaccord Genuity Group lifted their target price on LightPath Technologies from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.13.

LightPath Technologies Price Performance

Shares of LPTH opened at $13.65 on Thursday. The firm has a market cap of $857.08 million, a price-to-earnings ratio of -27.30 and a beta of 1.26. The stock has a 50 day moving average of $12.26 and a 200-day moving average of $10.71. The company has a current ratio of 3.86, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a 52 week low of $2.21 and a 52 week high of $16.53.

LightPath Technologies (NASDAQ:LPTH) last issued 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 company had revenue of $19.15 million during the quarter, compared to analyst estimates of $17.04 million. LightPath Technologies had a negative return on equity of 15.55% and a negative net margin of 37.38%. As a group, analysts forecast that LightPath Technologies, Inc. will post -0.11 EPS for the current year.

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.