LightPath Technologies, Inc. $LPTH Shares Purchased by Apis Capital Advisors LLC

Apis Capital Advisors LLC increased its position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 430.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,000 shares of the technology company’s stock after acquiring an additional 344,000 shares during the quarter. Apis Capital Advisors LLC’s holdings in LightPath Technologies were worth $4,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in LightPath Technologies in the 3rd quarter valued at about $953,000. Portolan Capital Management LLC purchased a new stake in LightPath Technologies in the 3rd quarter valued at about $12,939,000. HUB Investment Partners LLC raised its holdings in 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 buying an additional 117,000 shares during the period. Tudor Investment Corp ET AL purchased a new stake in LightPath Technologies in the 3rd quarter valued at about $8,445,000. Finally, AIGH Capital Management LLC raised its holdings in LightPath Technologies by 14.5% in the 4th quarter. AIGH Capital Management LLC now owns 1,030,738 shares of the technology company’s stock valued at $11,132,000 after buying an additional 130,738 shares during the period. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 3,571,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $14.00, for a total transaction of $49,999,600.00. Following the completion of the sale, the director owned 2,934,828 shares in the company, valued at $41,087,592. This represents a 54.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 4,166,804 shares of company stock worth $57,298,390 in the last three months. 24.80% of the stock is owned by corporate insiders.

LightPath Technologies Stock Performance

Shares of LPTH opened at $14.60 on Thursday. The stock has a 50 day moving average price of $14.19 and a 200 day moving average price of $11.92. The company has a quick ratio of 3.24, a current ratio of 3.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $916.73 million, a price-to-earnings ratio of -29.20 and a beta of 1.33. LightPath Technologies, Inc. has a 52-week low of $2.75 and a 52-week high of $18.94.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) earnings per share for the quarter, meeting 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 company had revenue of $19.15 million during the quarter, compared to analysts’ expectations of $17.04 million. Research analysts predict that LightPath Technologies, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LPTH shares. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. Finally, Canaccord Genuity Group boosted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LightPath Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $14.13.

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.