Telemark Asset Management LLC Makes New Investment in LightPath Technologies, Inc. $LPTH

Telemark Asset Management LLC bought a new position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 385,000 shares of the technology company’s stock, valued at approximately $4,158,000. Telemark Asset Management LLC owned about 0.85% of LightPath Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC acquired a new stake in LightPath Technologies during the 4th quarter worth $108,000. Occudo Quantitative Strategies LP acquired a new stake in LightPath Technologies during the 3rd quarter worth $82,000. Hudson Bay Capital Management LP acquired a new stake in LightPath Technologies during the 3rd quarter worth $84,000. Wexford Capital LP acquired a new stake in LightPath Technologies during the 3rd quarter worth $88,000. Finally, Jefferies Financial Group Inc. acquired a new stake in LightPath Technologies during the 3rd quarter worth $90,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LPTH shares. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Tuesday, April 21st. Canaccord Genuity Group boosted their price target on shares of LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, HC Wainwright boosted 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.13.

Insider Transactions at LightPath Technologies

In related news, Director Run Strategic Opportunit North sold 3,571,400 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $14.00, for a total value of $49,999,600.00. Following the sale, the director directly owned 2,934,828 shares in the company, valued at approximately $41,087,592. The trade was a 54.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 4,287,258 shares of company stock valued at $58,744,883. 24.80% of the stock is currently owned by insiders.

LightPath Technologies Trading Down 15.3%

Shares of LPTH stock opened at $14.93 on Friday. The company’s 50-day moving average price is $13.51 and its 200-day moving average price is $11.43. The company has a current ratio of 3.86, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. The stock has a market cap of $937.45 million, a price-to-earnings ratio of -29.86 and a beta of 1.33. LightPath Technologies, Inc. has a twelve month low of $2.75 and a twelve month high of $18.94.

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

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.