Apis Capital Advisors LLC Takes Position in LightPath Technologies, Inc. $LPTH

Apis Capital Advisors LLC acquired a new position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 80,000 shares of the technology company’s stock, valued at approximately $634,000. Apis Capital Advisors LLC owned approximately 0.18% of LightPath Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in LightPath Technologies in the third quarter valued at approximately $953,000. Calamos Advisors LLC acquired a new position in LightPath Technologies during the 3rd quarter worth approximately $1,322,000. HUB Investment Partners LLC grew its holdings in LightPath Technologies by 141.0% during the 3rd quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock worth $1,586,000 after acquiring an additional 117,000 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in shares of LightPath Technologies in the 3rd quarter valued at approximately $12,939,000. Finally, EHP Funds Inc. purchased a new stake in shares of LightPath Technologies in the 3rd quarter valued at approximately $143,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 55,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $12.09, for a total value of $664,950.00. Following the completion of the transaction, the director owned 3,020,527 shares in the company, valued at $36,518,171.43. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 2,478,762 shares of company stock valued at $29,982,515 over the last three months. 24.80% of the stock is owned by insiders.

LightPath Technologies Stock Down 4.2%

Shares of NASDAQ:LPTH opened at $10.51 on Friday. The firm has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $9.03. LightPath Technologies, Inc. has a twelve month low of $1.61 and a twelve month high of $15.24. The company has a current ratio of 3.97, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $606.53 million, a PE ratio of -20.21 and a beta of 0.98.

Analyst Upgrades and Downgrades

LPTH has been the subject of several recent analyst reports. Lake Street Capital lifted their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Canaccord Genuity Group initiated coverage on LightPath Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $15.00 price target for the company. Finally, HC Wainwright upped their price objective on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

LightPath Technologies 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.