Run Strategic Opportunit North Sells 55,000 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $12.09, for a total transaction of $664,950.00. Following the completion of the sale, the director owned 3,020,527 shares in the company, valued at approximately $36,518,171.43. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total transaction 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 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 transaction 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 transaction 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 stock was 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 Trading Down 4.0%

LPTH opened at $11.33 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. The stock has a market cap of $653.85 million, a PE ratio of -21.79 and a beta of 0.98. The business has a 50 day moving average of $11.56 and a 200-day moving average of $8.71.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LPTH shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. HC Wainwright upped their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Canaccord Genuity Group assumed coverage on shares of LightPath Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $15.00 target price for the company. Finally, Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Institutional Trading of LightPath Technologies

Several institutional investors have recently bought and sold shares of LPTH. Marathon Capital Management purchased a new position in LightPath Technologies in the second quarter worth about $54,000. J.W. Cole Advisors Inc. bought a new stake in shares of LightPath Technologies during the second quarter valued at approximately $79,000. Occudo Quantitative Strategies LP bought a new stake in shares of LightPath Technologies during the third quarter valued at approximately $82,000. Hudson Bay Capital Management LP purchased a new position in LightPath Technologies in the 3rd quarter worth approximately $84,000. Finally, Wexford Capital LP purchased a new position in LightPath Technologies in the 3rd quarter worth approximately $88,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

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.