Run Strategic Opportunit North Sells 381,004 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 381,004 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.18, for a total value of $4,640,628.72. Following the transaction, the director owned 3,075,527 shares in the company, valued at $37,459,918.86. This trade represents a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $664,950.00.
• 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 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 stock was 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 shares were sold at an average price of $12.53, for a total transaction of $7,462,529.69.
• On Monday, January 5th, Run Strategic Opportunit North sold 770,321 shares of LightPath Technologies stock. The shares were sold at an average price of $11.72, for a total value of $9,028,162.12.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $11.33 on Friday. LightPath Technologies, Inc. has a twelve month low of $1.61 and a twelve month high of $15.24. The business’s 50-day moving average price is $11.56 and its 200 day moving average price is $8.71. The company has a market capitalization of $653.85 million, a PE ratio of -21.79 and a beta of 0.98. The company has a current ratio of 3.97, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

LPTH has been the subject of several recent research reports. Lake Street Capital upped their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Canaccord Genuity Group began coverage on shares of LightPath Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $15.00 price target for the company. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. HC Wainwright boosted their target price on LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently made changes to their positions in LPTH. AWM Investment Company Inc. grew its stake in LightPath Technologies by 40.9% in the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock valued at $22,033,000 after acquiring an additional 592,500 shares during the period. Vanguard Group Inc. increased its stake in LightPath Technologies by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company’s stock valued at $15,603,000 after buying an additional 72,208 shares during the last quarter. Portolan Capital Management LLC bought a new stake in LightPath Technologies during the third quarter worth about $12,939,000. Goldman Sachs Group Inc. boosted its holdings in shares of LightPath Technologies by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,449,642 shares of the technology company’s stock valued at $15,656,000 after buying an additional 181,538 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of LightPath Technologies during the 3rd quarter worth about $8,445,000. Institutional investors own 56.29% of the company’s stock.

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.