LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 45,000 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 45,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $12.29, for a total transaction of $553,050.00. Following the sale, the director directly owned 3,155,112 shares of the company’s stock, valued at $38,776,326.48. The trade was a 1.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 value of $4,640,628.72.
• On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The shares were sold at an average price of $12.03, for a total value of $2,875,061.73.
• On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total value 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 value of $1,577,997.62.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.86. The stock’s fifty day moving average is $12.14 and its two-hundred day moving average is $10.59. The firm has a market capitalization of $762.90 million, a P/E ratio of -24.30 and a beta of 1.26. LightPath Technologies, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $16.53.

LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $17.04 million. On average, research analysts anticipate that LightPath Technologies, Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of LightPath Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in LightPath Technologies by 55.6% in the first quarter. Renaissance Technologies LLC now owns 395,922 shares of the technology company’s stock valued at $3,971,000 after buying an additional 141,473 shares during the last quarter. Sei Investments Co. increased its position in shares of LightPath Technologies by 74.2% during the first quarter. Sei Investments Co. now owns 538,788 shares of the technology company’s stock valued at $5,404,000 after acquiring an additional 229,515 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of LightPath Technologies in the 1st quarter valued at approximately $123,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of LightPath Technologies in the 1st quarter valued at approximately $4,249,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of LightPath Technologies in the 1st quarter worth approximately $600,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LPTH. HC Wainwright lifted their target price on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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 report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.