Calamos Advisors LLC Invests $1.32 Million in LightPath Technologies, Inc. $LPTH

Calamos Advisors LLC acquired a new stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 166,740 shares of the technology company’s stock, valued at approximately $1,322,000. Calamos Advisors LLC owned approximately 0.37% of LightPath Technologies at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Marathon Capital Management acquired a new position in shares of LightPath Technologies during the 2nd quarter worth approximately $54,000. J.W. Cole Advisors Inc. purchased a new position in LightPath Technologies during the second quarter worth approximately $79,000. Jane Street Group LLC boosted its stake in LightPath Technologies by 92.1% during the first quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock worth $122,000 after buying an additional 29,054 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in LightPath Technologies in the 2nd quarter valued at $134,000. Finally, Mink Brook Asset Management LLC purchased a new stake in LightPath Technologies in the 2nd quarter valued at $246,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LPTH has been the subject of several recent analyst reports. HC Wainwright raised their price objective on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. Lake Street Capital lifted their price target on shares of LightPath Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Finally, LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

LightPath Technologies Stock Up 2.3%

Shares of LPTH opened at $10.80 on Friday. The company’s 50-day simple moving average is $8.03 and its 200-day simple moving average is $6.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98. LightPath Technologies, Inc. has a 1 year low of $1.61 and a 1 year high of $11.32. The stock has a market capitalization of $491.72 million, a PE ratio of -27.69 and a beta of 0.98.

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.