Thompson Davis & CO. Inc. Invests $137,000 in LightPath Technologies, Inc. $LPTH

Thompson Davis & CO. Inc. bought a new stake in LightPath Technologies, Inc. (NASDAQ:LPTH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,350 shares of the technology company’s stock, valued at approximately $137,000. Thompson Davis & CO. Inc. owned about 0.10% of LightPath Technologies as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealth Effects LLC boosted its holdings in shares of LightPath Technologies by 5.8% in the 2nd quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock worth $419,000 after purchasing an additional 7,500 shares in the last quarter. Jane Street Group LLC lifted its position in LightPath Technologies by 92.1% in the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock worth $122,000 after buying an additional 29,054 shares during the last quarter. Ironwood Investment Counsel LLC boosted its stake in LightPath Technologies by 14.8% in the first quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company’s stock worth $65,000 after buying an additional 4,150 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in LightPath Technologies by 4.7% in the first quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company’s stock worth $2,602,000 after buying an additional 58,194 shares in the last quarter. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Trading Down 9.6%

Shares of LPTH opened at $6.66 on Friday. The stock has a market capitalization of $302.54 million, a P/E ratio of -18.50 and a beta of 1.18. LightPath Technologies, Inc. has a twelve month low of $1.40 and a twelve month high of $10.69. The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $4.73.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LPTH shares. LADENBURG THALM/SH SH boosted their price objective on shares of LightPath Technologies from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. Zacks Research upgraded shares of LightPath Technologies to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Finally, HC Wainwright boosted their target price on LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.