Run Strategic Opportunit North Sells 165,000 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $12.16, for a total transaction of $2,006,400.00. Following the completion of the sale, the director owned 2,990,112 shares of the company’s stock, valued at $36,359,761.92. This trade represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 13th, Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.29, for a total transaction of $553,050.00.
• On Tuesday, May 12th, Run Strategic Opportunit North sold 83,052 shares of LightPath Technologies stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $12.01, for a total value 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 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 value of $4,640,628.72.
• On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The stock was 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 shares were sold at an average price of $12.02, for a total value of $1,577,997.62.

LightPath Technologies Stock Performance

LPTH traded up $0.03 on Thursday, hitting $12.15. The company had a trading volume of 3,104,694 shares, compared to its average volume of 3,371,397. The stock has a market cap of $762.90 million, a price-to-earnings ratio of -24.30 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.42. The company’s fifty day moving average price is $12.14 and its 200 day moving average price is $10.59. LightPath Technologies, Inc. has a 1-year low of $2.21 and a 1-year high of $16.53.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. The company had revenue of $19.15 million for the quarter, compared to analyst estimates of $17.04 million. Equities analysts predict that LightPath Technologies, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on LPTH. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group lifted their price objective on LightPath Technologies from $15.50 to $16.50 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. Finally, HC Wainwright raised their target price on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.13.

Institutional Trading of LightPath Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of LPTH. Principal Financial Group Inc. bought a new position in LightPath Technologies during the third quarter valued at about $953,000. Portolan Capital Management LLC acquired a new stake in shares of LightPath Technologies during the 3rd quarter worth approximately $12,939,000. HUB Investment Partners LLC increased its position in shares of LightPath Technologies by 141.0% during the third quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock valued at $1,586,000 after purchasing an additional 117,000 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of LightPath Technologies in the third quarter valued at $8,445,000. Finally, AIGH Capital Management LLC raised its stake in shares of LightPath Technologies by 14.5% in the fourth quarter. AIGH Capital Management LLC now owns 1,030,738 shares of the technology company’s stock valued at $11,132,000 after purchasing an additional 130,738 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.