207,597 Shares in LightPath Technologies, Inc. (NASDAQ:LPTH) Purchased by Connective Capital Management LLC

Connective Capital Management LLC acquired a new position in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 207,597 shares of the technology company's stock, valued at approximately $733,000. LightPath Technologies accounts for approximately 0.9% of Connective Capital Management LLC's portfolio, making the stock its 23rd largest holding. Connective Capital Management LLC owned 0.52% of LightPath Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Crewe Advisors LLC bought a new stake in LightPath Technologies in the 4th quarter valued at $28,000. Cubist Systematic Strategies LLC purchased a new position in shares of LightPath Technologies during the fourth quarter valued at about $32,000. Northern Trust Corp increased its holdings in shares of LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after purchasing an additional 13,087 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter worth about $53,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in LightPath Technologies by 101.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company's stock valued at $109,000 after buying an additional 15,500 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LPTH shares. HC Wainwright reaffirmed a "buy" rating and issued a $5.00 price objective on shares of LightPath Technologies in a research note on Monday, May 19th. Wall Street Zen cut shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Craig Hallum started coverage on shares of LightPath Technologies in a research report on Monday, April 28th. They set a "buy" rating and a $5.50 price objective for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.88.

LightPath Technologies Trading Down 0.4%

Shares of LightPath Technologies stock traded down $0.01 on Monday, reaching $2.37. The company had a trading volume of 40,391 shares, compared to its average volume of 164,534. The firm has a market cap of $101.67 million, a price-to-earnings ratio of -9.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90. The firm's 50-day moving average price is $2.16 and its two-hundred day moving average price is $2.43. LightPath Technologies, Inc. has a 1 year low of $1.04 and a 1 year high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The firm had revenue of $9.17 million for the quarter, compared to analysts' expectations of $8.78 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. As a group, research analysts predict that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.