Tudor Investment Corp ET AL Acquires Shares of 1,064,940 LightPath Technologies, Inc. $LPTH

Tudor Investment Corp ET AL purchased a new stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,064,940 shares of the technology company’s stock, valued at approximately $8,445,000. Tudor Investment Corp ET AL owned 2.34% of LightPath Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LPTH. Principal Financial Group Inc. purchased a new position in shares of LightPath Technologies during the 3rd quarter worth $953,000. Portolan Capital Management LLC acquired a new position in LightPath Technologies in the third quarter valued at about $12,939,000. Calamos Advisors LLC acquired a new stake in shares of LightPath Technologies during the third quarter valued at about $1,322,000. HUB Investment Partners LLC raised its stake in shares of LightPath Technologies by 141.0% in the 3rd quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock valued at $1,586,000 after acquiring an additional 117,000 shares during the period. Finally, Apis Capital Advisors LLC purchased a new position in shares of LightPath Technologies during the 3rd quarter worth approximately $634,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LPTH shares. Lake Street Capital increased their target price on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Canaccord Genuity Group assumed coverage on LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 price objective on the stock. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Insider Buying and Selling

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 16,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $12.00, for a total transaction of $192,000.00. Following the sale, the director directly owned 2,900,073 shares in the company, valued at approximately $34,800,876. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,599,216 shares of company stock valued at $31,429,008 over the last three months. 24.80% of the stock is currently owned by company insiders.

LightPath Technologies Stock Performance

Shares of LPTH stock opened at $10.53 on Monday. 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 stock’s 50-day moving average price is $11.54 and its 200 day moving average price is $9.27. LightPath Technologies, Inc. has a 52-week low of $1.61 and a 52-week high of $15.24. The stock has a market capitalization of $607.69 million, a PE ratio of -20.25 and a beta of 0.98.

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.