Insider Selling: LightPath Technologies (NASDAQ:LPTH) Director Sells $1,254,492.54 in Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 104,454 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $12.01, for a total transaction of $1,254,492.54. Following the sale, the director directly owned 2,916,073 shares in the company, valued at $35,022,036.73. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.00, for a total value of $192,000.00.
• 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 Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The stock was sold at an average price of $12.03, for a total value of $2,875,061.73.
• 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 shares were 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 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 transaction of $9,028,162.12.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $10.53 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 company has a fifty day moving average of $11.54 and a 200-day moving average of $9.25. The firm has a market capitalization of $607.69 million, a P/E ratio of -20.25 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. HC Wainwright upped their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Lake Street Capital raised their target price on 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 assumed coverage on LightPath Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $15.00 target price for the company. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. 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, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.10.

Institutional Inflows and Outflows

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

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.