Northern Trust Corp Has $226,000 Position in LightPath Technologies, Inc. (NASDAQ:LPTH)

Northern Trust Corp boosted its stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 25.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,983 shares of the technology company’s stock after purchasing an additional 13,087 shares during the period. Northern Trust Corp owned about 0.16% of LightPath Technologies worth $226,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of LightPath Technologies during the 4th quarter valued at $28,000. Legato Capital Management LLC acquired a new stake in LightPath Technologies during the fourth quarter valued at $83,000. J.W. Cole Advisors Inc. purchased a new position in LightPath Technologies in the fourth quarter valued at about $87,000. Price T Rowe Associates Inc. MD grew its stake in LightPath Technologies by 101.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company’s stock valued at $109,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in LightPath Technologies in the 4th quarter worth about $338,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

LightPath Technologies Stock Performance

LPTH opened at $3.01 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. The company has a market cap of $133.80 million, a PE ratio of -12.54 and a beta of 0.84. The stock has a 50-day moving average of $2.22 and a 200-day moving average of $2.47. LightPath Technologies, Inc. has a 52-week low of $1.04 and a 52-week high of $4.42.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, May 15th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The company had revenue of $9.17 million during the quarter, compared to analyst estimates of $8.78 million. During the same quarter last year, the firm posted ($0.07) earnings per share. As a group, equities research analysts forecast that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of LightPath Technologies in a report on Monday, May 19th. Craig Hallum assumed coverage on shares of LightPath Technologies in a research note on Monday, April 28th. They issued a “buy” rating and a $5.50 target price for the company. Finally, Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, LightPath Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $4.88.

LightPath Technologies Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.