LightPath Technologies (NASDAQ:LPTH) Director Sells $4,640,628.72 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.18, for a total transaction of $4,640,628.72. Following the completion of the sale, the director directly owned 3,075,527 shares in the company, valued at approximately $37,459,918.86. The trade was a 11.02% decrease in their position. The sale was disclosed in a filing 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 stock was sold at an average price of $12.09, for a total transaction of $664,950.00.
• 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 transaction of $2,875,061.73.
• 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 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.
• 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 value of $78,065.00.
• On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The shares were sold at an average price of $12.53, for a total value of $7,462,529.69.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The stock was sold at an average price of $11.72, for a total value of $9,028,162.12.

LightPath Technologies Price Performance

LightPath Technologies stock traded down $0.18 during midday trading on Wednesday, reaching $11.80. The company’s stock had a trading volume of 1,871,351 shares, compared to its average volume of 2,983,933. LightPath Technologies, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $15.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. The stock’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $8.69. The firm has a market capitalization of $680.98 million, a PE ratio of -22.69 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lake Street Private Wealth LLC purchased a new stake in LightPath Technologies in the 4th quarter valued at approximately $108,000. Occudo Quantitative Strategies LP acquired a new position in shares of LightPath Technologies in the third quarter worth $82,000. Hudson Bay Capital Management LP purchased a new stake in shares of LightPath Technologies in the third quarter valued at $84,000. Wexford Capital LP acquired a new stake in shares of LightPath Technologies during the third quarter valued at $88,000. Finally, Jefferies Financial Group Inc. purchased a new stake in LightPath Technologies during the 3rd quarter worth about $90,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.