LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 83,052 Shares

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 83,052 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $12.25, for a total transaction of $1,017,387.00. Following the completion of the transaction, the director owned 3,200,112 shares in the company, valued at $39,201,372. This represents a 2.53% 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 Thursday, May 14th, Run Strategic Opportunit North sold 165,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.16, for a total transaction of $2,006,400.00.
• On Wednesday, May 13th, Run Strategic Opportunit North sold 45,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.29, for a total transaction of $553,050.00.
• On Wednesday, March 25th, Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock. The stock was sold at an average price of $12.31, for a total transaction of $3,721,953.12.
• 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 transaction of $192,000.00.
• On Tuesday, March 17th, Run Strategic Opportunit North sold 104,454 shares of LightPath Technologies stock. The stock was sold at an average price of $12.01, for a total transaction of $1,254,492.54.
• On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.09, for a total transaction of $664,950.00.
• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total transaction 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 transaction 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 transaction 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 transaction of $1,577,997.62.

LightPath Technologies Price Performance

NASDAQ LPTH opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.86. The firm’s 50 day moving average price is $12.14 and its 200-day moving average price is $10.59. LightPath Technologies, Inc. has a 52-week low of $2.21 and a 52-week high of $16.53. The company has a market cap of $762.90 million, a PE ratio of -24.30 and a beta of 1.26.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. The firm had revenue of $19.15 million for the quarter, compared to the consensus estimate of $17.04 million. Sell-side analysts forecast that LightPath Technologies, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LPTH. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. Canaccord Genuity Group increased their price objective on shares of LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, HC Wainwright increased their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, LightPath Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.13.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors have recently bought and sold shares of the company. Lake Street Private Wealth LLC acquired a new stake in LightPath Technologies in the fourth quarter valued at approximately $108,000. Occudo Quantitative Strategies LP acquired a new stake in LightPath Technologies in the third quarter valued at approximately $82,000. Hudson Bay Capital Management LP acquired a new stake in LightPath Technologies in the third quarter valued at approximately $84,000. Wexford Capital LP acquired a new stake in LightPath Technologies in the third quarter valued at approximately $88,000. Finally, Jefferies Financial Group Inc. acquired a new stake in LightPath Technologies in the third quarter valued at approximately $90,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.