LightPath Technologies, Inc. $LPTH Shares Bought by Tema ETFs LLC

Tema ETFs LLC lifted its holdings in LightPath Technologies, Inc. (NASDAQ:LPTH) by 129,258.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,986,945 shares of the technology company’s stock after purchasing an additional 1,985,409 shares during the quarter. LightPath Technologies accounts for approximately 1.1% of Tema ETFs LLC’s holdings, making the stock its 24th largest position. Tema ETFs LLC owned approximately 3.16% of LightPath Technologies worth $32,487,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AWM Investment Company Inc. raised its stake in shares of LightPath Technologies by 40.9% during the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock valued at $22,033,000 after purchasing an additional 592,500 shares in the last quarter. Vanguard Group Inc. grew its position in LightPath Technologies by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company’s stock valued at $15,603,000 after buying an additional 72,208 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in LightPath Technologies by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,449,642 shares of the technology company’s stock valued at $15,656,000 after buying an additional 181,538 shares during the period. AIGH Capital Management LLC increased its stake in LightPath Technologies by 14.5% during the 4th quarter. AIGH Capital Management LLC now owns 1,030,738 shares of the technology company’s stock valued at $11,132,000 after buying an additional 130,738 shares during the period. Finally, Granahan Investment Management LLC raised its position in shares of LightPath Technologies by 14.9% during the 1st quarter. Granahan Investment Management LLC now owns 753,621 shares of the technology company’s stock worth $7,559,000 after buying an additional 97,601 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LPTH. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Canaccord Genuity Group reiterated a “buy” rating and set a $16.50 price objective on shares of LightPath Technologies in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.12.

Insider Buying and Selling at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 3,571,400 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $14.00, for a total transaction of $49,999,600.00. Following the completion of the transaction, the director owned 2,934,828 shares in the company, valued at approximately $41,087,592. This trade represents a 54.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 24.80% of the company’s stock.

LightPath Technologies Trading Up 4.1%

Shares of LPTH stock opened at $13.09 on Wednesday. The stock has a 50-day simple moving average of $13.09 and a 200 day simple moving average of $12.61. LightPath Technologies, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $18.94. The stock has a market capitalization of $821.92 million, a P/E ratio of -26.18 and a beta of 1.39. The company has a quick ratio of 3.24, a current ratio of 3.86 and a debt-to-equity ratio of 0.01.

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.