2,537,522 Shares in LightPath Technologies, Inc. $LPTH Purchased by AWM Investment Company Inc.

Key Points

• AWM Investment Company acquired 2.54 million LightPath Technologies shares worth approximately $41.5 million, giving it a 4.04% stake and making LPTH its fourth-largest portfolio holding.
• Institutional investors and hedge funds own 56.29% of LPTH, while company insiders own 24.80%; however, a director recently sold 3.57 million shares for about $50 million.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $14.30, although the stock also has some “Sell” ratings.

AWM Investment Company Inc. bought a new position in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,537,522 shares of the technology company's stock, valued at approximately $41,488,000. LightPath Technologies makes up about 3.6% of AWM Investment Company Inc.'s investment portfolio, making the stock its 4th biggest position. AWM Investment Company Inc. owned 4.04% of LightPath Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LPTH. SG Americas Securities LLC raised its holdings in shares of LightPath Technologies by 6.0% during the first quarter. SG Americas Securities LLC now owns 57,684 shares of the technology company's stock valued at $579,000 after acquiring an additional 3,276 shares during the period. Jefferies Financial Group Inc. boosted its position in LightPath Technologies by 45.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 16,623 shares of the technology company's stock valued at $180,000 after purchasing an additional 5,223 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of LightPath Technologies by 41.3% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 28,400 shares of the technology company's stock valued at $307,000 after buying an additional 8,300 shares during the last quarter. Royal Bank of Canada grew its position in LightPath Technologies by 707.2% in the first quarter. Royal Bank of Canada now owns 9,565 shares of the technology company's stock worth $96,000 after acquiring an additional 8,380 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of LightPath Technologies during the 3rd quarter valued at $82,000. 56.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LPTH has been the topic of several recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of LightPath Technologies in a report on Friday, July 17th. Canaccord Genuity Group reiterated a "buy" rating and set a $16.50 price target on shares of LightPath Technologies in a research note on Monday, July 27th. Piper Sandler began coverage on LightPath Technologies in a report on Wednesday, August 12th. They set an "overweight" rating and a $15.00 price objective on the stock. Finally, Wall Street Zen downgraded LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.30.

Insider Transactions at LightPath Technologies

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 3,571,400 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $14.00, for a total value of $49,999,600.00. Following the transaction, the director directly owned 2,934,828 shares of the company's stock, valued at approximately $41,087,592. This trade represents a 54.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.80% of the company's stock.

LightPath Technologies Trading Up 4.2%

Shares of LightPath Technologies stock opened at $13.79 on Wednesday. LightPath Technologies, Inc. has a 52-week low of $4.53 and a 52-week high of $18.94. The firm has a market capitalization of $865.86 million, a PE ratio of -27.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.24. The company's fifty day moving average price is $12.85 and its two-hundred day moving average price is $12.80.

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.

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