Insider Selling: LightPath Technologies (NASDAQ:LPTH) Director Sells 302,352 Shares of Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Run Strategic Opportunit North sold 302,352 shares of LightPath Technologies stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $12.31, for a total transaction of $3,721,953.12. Following the completion of the sale, the director owned 3,283,164 shares of the company’s stock, valued at $40,415,748.84. This represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 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 shares were 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 shares were 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 shares were 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 shares were 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 value of $9,028,162.12.

LightPath Technologies Trading Down 13.6%

Shares of LightPath Technologies stock opened at $9.49 on Friday. The stock has a market capitalization of $547.67 million, a PE ratio of -18.25 and a beta of 0.98. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. The stock has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $9.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Lake Street Private Wealth LLC purchased a new stake in LightPath Technologies in the 4th quarter valued at $108,000. Occudo Quantitative Strategies LP bought a new position in LightPath Technologies during the 3rd quarter valued at $82,000. Hudson Bay Capital Management LP purchased a new position in LightPath Technologies during the 3rd quarter worth $84,000. Wexford Capital LP purchased a new position in LightPath Technologies during the 3rd quarter worth $88,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of LightPath Technologies in the 3rd quarter worth $90,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Wall Street Analyst Weigh In

LPTH has been the subject of several research reports. HC Wainwright lifted their price target on shares of LightPath Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Lake Street Capital upped their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canaccord Genuity Group initiated coverage on shares of LightPath Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.10.

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.