AIGH Capital Management LLC Buys 130,738 Shares of LightPath Technologies, Inc. $LPTH

Key Points

• AIGH Capital Management LLC increased its stake in LightPath Technologies by 14.5%, buying 130,738 additional shares to hold 1,030,738 shares (≈2.26% of the company) valued at about $11.13 million, making LPTH its 13th largest position.
• Insider selling has been substantial: a director sold 302,352 shares on March 25 and insiders sold 2,131,247 shares worth $26.12 million over the past 90 days, though insiders still own 24.80% of the company.
• Analyst views are mixed but tilt positive with an average "Moderate Buy" rating and $13.75 price target; LPTH opened at $13.70 (up 6.9%) and trades in a 52‑week range of $2.21–$16.53.

AIGH Capital Management LLC lifted its stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,030,738 shares of the technology company's stock after acquiring an additional 130,738 shares during the quarter. LightPath Technologies comprises approximately 2.7% of AIGH Capital Management LLC's holdings, making the stock its 13th largest position. AIGH Capital Management LLC owned about 2.26% of LightPath Technologies worth $11,132,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Occudo Quantitative Strategies LP bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $82,000. Hudson Bay Capital Management LP bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $84,000. Wexford Capital LP bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $88,000. Jefferies Financial Group Inc. bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $90,000. Finally, Granite Investment Partners LLC bought a new stake in LightPath Technologies during the 3rd quarter valued at approximately $106,000. Institutional investors own 56.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Run Strategic Opportunit North sold 302,352 shares of the firm's stock in a transaction on Wednesday, March 25th. The stock was 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 directly owned 3,283,164 shares of the company's stock, valued at $40,415,748.84. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 2,131,247 shares of company stock worth $26,122,799. Company insiders own 24.80% of the company's stock.

Wall Street Analyst Weigh In

LPTH has been the subject of several recent analyst reports. Lake Street Capital increased their target price on LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. HC Wainwright increased 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. Wall Street Zen downgraded LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Canaccord Genuity Group initiated coverage on LightPath Technologies in a research note on Thursday, January 29th. They set a "buy" rating and a $15.00 target price for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of LightPath Technologies in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.75.

LightPath Technologies Trading Up 6.9%

LPTH stock opened at $13.70 on Friday. The business has a fifty day moving average price of $12.03 and a 200 day moving average price of $10.35. LightPath Technologies, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $16.53. The stock has a market capitalization of $790.61 million, a price-to-earnings ratio of -26.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.97 and a quick ratio of 3.42.

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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