Key Points
- Director sale: A LightPath Technologies director sold 770,321 shares at an average price of $11.72 (totaling about $9.03 million) on Jan. 5, reducing their position by 22.01% to 2,728,968 shares (≈$31.98 million), per an SEC filing.
- Share performance: NASDAQ:LPTH opened at $12.20 (1‑year range $1.61–$12.49) and has a market capitalization of about $555.5 million, with 50‑ and 200‑day moving averages near $8.30 and $6.33 respectively.
- Ownership and analyst view: Institutional investors own about 56.3% of the stock after several new sizable stakes by firms like Portolan and Tudor, and analysts have an average rating of "Moderate Buy" with a consensus price target near $10.13.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 770,321 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $11.72, for a total value of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares of the company's stock, valued at approximately $31,983,504.96. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
LightPath Technologies Price Performance
Shares of NASDAQ:LPTH opened at $12.20 on Thursday. LightPath Technologies, Inc. has a 1-year low of $1.61 and a 1-year high of $12.49. The firm has a market capitalization of $555.47 million, a PE ratio of -31.28 and a beta of 0.98. The business's 50 day moving average is $8.30 and its 200-day moving average is $6.33. The company has a current ratio of 1.98, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24.
Hedge Funds Weigh In On LightPath Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPTH. Portolan Capital Management LLC bought a new stake in LightPath Technologies during the 3rd quarter worth approximately $12,939,000. Tudor Investment Corp ET AL bought a new position in LightPath Technologies in the 3rd quarter valued at $8,445,000. Russell Investments Group Ltd. acquired a new position in LightPath Technologies in the third quarter worth $3,669,000. Calamos Advisors LLC bought a new stake in shares of LightPath Technologies during the third quarter worth $1,322,000. Finally, Principal Financial Group Inc. bought a new stake in shares of LightPath Technologies during the third quarter worth $953,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LPTH. Lake Street Capital increased their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a "strong-buy" rating in a research note on Thursday, December 18th. Wall Street Zen raised LightPath Technologies from a "sell" rating to a "hold" rating in a report on Sunday, December 21st. Finally, HC Wainwright increased their target price on LightPath Technologies from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, LightPath Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $10.13.
Check Out Our Latest Stock Report on LightPath Technologies
About LightPath Technologies
(
Get Free Report)
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.
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