Investors Buy High Volume of LightPath Technologies Call Options (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 19,909 call options on the stock. This represents an increase of approximately 372% compared to the typical volume of 4,216 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LPTH shares. LADENBURG THALM/SH SH upgraded LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Lake Street Capital raised their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Canaccord Genuity Group began coverage on LightPath Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $15.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.10.

Insider Buying and Selling at LightPath Technologies

In related news, Director Run Strategic Opportunit North sold 55,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $12.09, for a total transaction of $664,950.00. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 2,478,762 shares of company stock worth $29,982,515. 24.80% of the stock is owned by corporate insiders.

Institutional Trading of LightPath Technologies

Several institutional investors have recently bought and sold shares of LPTH. Millennium Management LLC boosted its stake in shares of LightPath Technologies by 915.6% in the 4th quarter. Millennium Management LLC now owns 312,267 shares of the technology company’s stock valued at $3,372,000 after purchasing an additional 281,519 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of LightPath Technologies during the fourth quarter valued at approximately $337,000. Boothbay Fund Management LLC bought a new position in LightPath Technologies in the 4th quarter valued at $352,000. Apis Capital Advisors LLC lifted its stake in shares of LightPath Technologies by 430.0% during the fourth quarter. Apis Capital Advisors LLC now owns 424,000 shares of the technology company’s stock valued at $4,579,000 after acquiring an additional 344,000 shares during the period. Finally, 683 Capital Management LLC acquired a new position in LightPath Technologies during the 4th quarter valued at about $1,443,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

LightPath Technologies Trading Up 9.0%

LightPath Technologies stock opened at $11.99 on Wednesday. The stock has a market cap of $691.94 million, a price-to-earnings ratio of -23.06 and a beta of 0.98. LightPath Technologies has a 12 month low of $1.61 and a 12 month high of $15.24. The business has a 50 day moving average price of $11.60 and a two-hundred day moving average price of $9.15. 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 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.