Harbor Capital Advisors Inc. Acquires New Shares in LightPath Technologies, Inc. $LPTH

Harbor Capital Advisors Inc. acquired a new position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 62,222 shares of the technology company’s stock, valued at approximately $672,000. Harbor Capital Advisors Inc. owned about 0.14% of LightPath Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LPTH. Principal Financial Group Inc. acquired a new stake in shares of LightPath Technologies in the 3rd quarter worth about $953,000. Portolan Capital Management LLC acquired a new position in LightPath Technologies during the 3rd quarter valued at about $12,939,000. HUB Investment Partners LLC grew its position in LightPath Technologies by 141.0% in the 3rd quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock worth $1,586,000 after purchasing an additional 117,000 shares during the last quarter. Calamos Advisors LLC bought a new position in LightPath Technologies in the 3rd quarter worth about $1,322,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of LightPath Technologies in the third quarter valued at approximately $8,445,000. 56.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LPTH shares. Canaccord Genuity Group began coverage on LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 price objective for the company. 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 report on Tuesday, January 6th. HC Wainwright boosted their price target on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Wall Street Zen lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, LightPath Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Insider Buying and Selling at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 595,573 shares of LightPath Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $12.53, for a total value of $7,462,529.69. Following the transaction, the director owned 3,393,395 shares of the company’s stock, valued at $42,519,239.35. The trade was a 14.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 2,131,247 shares of company stock worth $26,122,799. Company insiders own 24.80% of the company’s stock.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH opened at $10.98 on Monday. The stock has a fifty day moving average price of $11.09 and a two-hundred day moving average price of $9.62. 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 firm has a market cap of $633.66 million, a P/E ratio of -21.12 and a beta of 1.07. LightPath Technologies, Inc. has a 1 year low of $1.61 and a 1 year high of $15.24.

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.