LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 238,991 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.03, for a total value of $2,875,061.73. Following the completion of the transaction, the director directly owned 3,456,531 shares in the company, valued at $41,582,067.93. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Run Strategic Opportunit North also recently made the following trade(s):

• On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.09, for a total value 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 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 shares were sold at an average price of $12.02, for a total transaction of $1,577,997.62.
• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total transaction of $78,065.00.
• 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 transaction 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 transaction of $9,028,162.12.

LightPath Technologies Trading Down 1.5%

Shares of NASDAQ:LPTH traded down $0.18 during midday trading on Wednesday, hitting $11.80. 1,871,351 shares of the stock traded hands, compared to its average volume of 2,983,933. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $11.51 and its two-hundred day moving average is $8.69. The stock has a market capitalization of $680.98 million, a PE ratio of -22.69 and a beta of 0.98. LightPath Technologies, Inc. has a one year low of $1.61 and a one year high of $15.24.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC bought a new stake in shares of LightPath Technologies during the 4th quarter valued at $108,000. Occudo Quantitative Strategies LP purchased a new position in LightPath Technologies during the 3rd quarter valued at about $82,000. Hudson Bay Capital Management LP purchased a new position in LightPath Technologies during the 3rd quarter valued at about $84,000. Wexford Capital LP bought a new stake in LightPath Technologies during the third quarter worth about $88,000. Finally, Jefferies Financial Group Inc. purchased a new stake in LightPath Technologies in the third quarter worth about $90,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. HC Wainwright lifted their price objective on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Lake Street Capital lifted their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, LightPath Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

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.