Run Strategic Opportunit North Sells 131,281 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 131,281 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $12.02, for a total value of $1,577,997.62. Following the completion of the transaction, the director directly owned 3,255,514 shares in the company, valued at $39,131,278.28. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The stock was 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 value 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 value of $9,028,162.12.

LightPath Technologies Price Performance

Shares of LPTH stock opened at $11.77 on Thursday. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. The stock has a market capitalization of $679.25 million, a PE ratio of -22.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. The stock’s fifty day moving average is $11.19 and its 200-day moving average is $8.42.

Wall Street Analyst Weigh In

Several research firms have recently commented on LPTH. Canaccord Genuity Group assumed coverage on shares of LightPath Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $15.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. HC Wainwright upped their price target on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Lake Street Capital lifted their price objective on LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, LightPath Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.10.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LPTH. Jefferies Financial Group Inc. grew its stake in shares of LightPath Technologies by 45.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 16,623 shares of the technology company’s stock worth $180,000 after purchasing an additional 5,223 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of LightPath Technologies by 11.8% during the 4th quarter. Thompson Davis & CO. Inc. now owns 63,600 shares of the technology company’s stock worth $687,000 after buying an additional 6,691 shares during the period. OMERS ADMINISTRATION Corp increased its stake in shares of LightPath Technologies by 41.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 28,400 shares of the technology company’s stock valued at $307,000 after acquiring an additional 8,300 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies in the 4th quarter valued at approximately $108,000. Finally, Occudo Quantitative Strategies LP bought a new position in LightPath Technologies during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.