Run Strategic Opportunit North Sells 16,000 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTHGet Free Report) Director Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $12.00, for a total value of $192,000.00. Following the completion of the sale, the director directly owned 2,900,073 shares in the company, valued at $34,800,876. This represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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 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 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 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 value 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 shares were sold at an average price of $12.53, for a total transaction 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 transaction of $9,028,162.12.

LightPath Technologies Price Performance

Shares of LPTH traded down $0.18 during trading hours on Thursday, hitting $11.49. 1,497,013 shares of the company were exchanged, compared to its average volume of 2,882,034. The company has a market cap of $663.09 million, a price-to-earnings ratio of -22.10 and a beta of 0.98. 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 fifty-two week low of $1.61 and a fifty-two week high of $15.24. The firm’s fifty day moving average is $11.59 and its 200 day moving average is $9.17.

Analysts Set New Price Targets

LPTH has been the subject of several recent research reports. Lake Street Capital upped their price objective on LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. HC Wainwright increased their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued 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, LightPath Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Get Our Latest Stock Analysis on LPTH

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Marathon Capital Management bought a new stake in shares of LightPath Technologies during the 2nd quarter worth $54,000. J.W. Cole Advisors Inc. purchased a new position in LightPath Technologies in the 2nd quarter worth approximately $79,000. Occudo Quantitative Strategies LP purchased a new stake in LightPath Technologies during the 3rd quarter valued at $82,000. Hudson Bay Capital Management LP purchased a new stake in shares of LightPath Technologies during the third quarter worth about $84,000. Finally, Wexford Capital LP bought a new stake in shares of LightPath Technologies in the 3rd quarter worth approximately $88,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for LightPath Technologies (NASDAQ:LPTH)

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