LightPath Technologies (NASDAQ:LPTH) Director Sells $2,875,061.73 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 238,991 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $12.03, for a total value of $2,875,061.73. Following the completion of the sale, the director owned 3,456,531 shares of the company’s stock, valued at $41,582,067.93. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.09, for a total value of $664,950.00.
• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total value of $4,640,628.72.
• On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total value of $3,655,120.56.
• On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The stock was sold at an average price of $12.02, for a total value of $1,577,997.62.
• 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 transaction of $78,065.00.
• On Friday, February 20th, Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock. The stock was 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 opened at $11.07 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a twelve month low of $1.61 and a twelve month high of $15.24. The stock has a market capitalization of $638.85 million, a P/E ratio of -21.29 and a beta of 0.98. The company has a 50 day moving average of $11.60 and a 200-day moving average of $8.76.

Institutional Investors Weigh In On LightPath Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in LPTH. Marathon Capital Management acquired a new position in LightPath Technologies during the 2nd quarter worth approximately $54,000. J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies during the 2nd quarter worth approximately $79,000. Occudo Quantitative Strategies LP acquired a new position in LightPath Technologies in the 3rd quarter valued at approximately $82,000. Hudson Bay Capital Management LP bought a new position in shares of LightPath Technologies during the third quarter valued at $84,000. Finally, Wexford Capital LP bought a new position in shares of LightPath Technologies during the third quarter worth about $88,000. 56.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. HC Wainwright raised their target price on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Canaccord Genuity Group began 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, LADENBURG THALM/SH SH upgraded LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.10.

About LightPath Technologies

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.