Key Points
- Run Strategic Opportunit North sold 595,573 shares of LightPath (NASDAQ:LPTH) on Feb. 20 at an average price of $12.53 for about $7.46 million, reducing its stake by 14.93% to 3,393,395 shares; the sale was disclosed in an SEC filing.
- The same director made additional recent sales — 131,281 shares on Feb. 24, 6,500 shares on Feb. 23, and a large block of 770,321 shares on Jan. 5 (the Jan. sale totaled roughly $9.03 million) — signaling ongoing insider liquidation.
- Market context: LPTH was trading up ~7.1% that day, has a market cap around $692 million, and carries a consensus analyst rating of "Moderate Buy" with an average target near $12.10 and several firms setting targets up to $15.00.
LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 6,500 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $12.01, for a total value of $78,065.00. Following the sale, the director owned 3,386,895 shares of the company's stock, valued at $40,676,608.95. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Run Strategic Opportunit North also recently made the following trade(s):
- 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 transaction of $1,577,997.62.
- 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 stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12.
LightPath Technologies Stock Up 7.1%
LPTH stock opened at $11.99 on Wednesday. The stock has a market capitalization of $691.94 million, a PE ratio of -23.06 and a beta of 0.97. The company has a fifty day moving average of $11.09 and a 200-day moving average of $8.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. LightPath Technologies, Inc. has a one year low of $1.61 and a one year high of $15.24.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Lake Street Capital boosted their target price on LightPath Technologies from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. LADENBURG THALM/SH SH upgraded LightPath Technologies to a "strong-buy" rating in a research note on Thursday, December 18th. Wall Street Zen upgraded LightPath Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings restated a "sell (d-)" rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group initiated coverage on shares of LightPath Technologies in a report on Thursday, January 29th. They issued a "buy" rating and a $15.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.10.
Check Out Our Latest Research Report on LightPath Technologies
Institutional Trading of LightPath Technologies
Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of LightPath Technologies in the third quarter valued at $953,000. Calamos Advisors LLC purchased a new stake in shares of LightPath Technologies in the 3rd quarter worth about $1,322,000. Thompson Davis & CO. Inc. acquired a new stake in LightPath Technologies in the 2nd quarter valued at about $137,000. Apis Capital Advisors LLC acquired a new stake in LightPath Technologies in the 3rd quarter valued at about $634,000. Finally, Portolan Capital Management LLC purchased a new position in LightPath Technologies during the 3rd quarter valued at about $12,939,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.
LightPath Technologies Company Profile
(
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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