LightPath Technologies, Inc. $LPTH Shares Purchased by HUB Investment Partners LLC

Key Points

• HUB Investment Partners boosted its stake in LightPath (NASDAQ:LPTH) by 141% in Q3, adding 117,000 shares to hold 200,000 shares worth about $1.59M, while institutional investors now own 56.29% of the company.
• Company insiders have been net sellers — a director sold 55,000 shares on March 4 and insiders sold a total of 2,478,762 shares (~$29.98M) over the last 90 days, though insiders still control 24.8% of the stock.
• Analyst sentiment is mixed but averages a "Moderate Buy" with an average price target of $12.10; recent upgrades include HC Wainwright to $15 and Lake Street to $14, while the stock trades around $11 with a market cap near $639M.

HUB Investment Partners LLC boosted its stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 141.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the technology company's stock after purchasing an additional 117,000 shares during the period. HUB Investment Partners LLC owned about 0.44% of LightPath Technologies worth $1,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPTH. Vanguard Group Inc. boosted its position in shares of LightPath Technologies by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company's stock worth $15,603,000 after buying an additional 72,208 shares during the period. Calamos Advisors LLC acquired a new position in LightPath Technologies during the 3rd quarter worth about $1,322,000. Wealth Effects LLC lifted its stake in LightPath Technologies by 9.7% during the 3rd quarter. Wealth Effects LLC now owns 149,250 shares of the technology company's stock worth $1,184,000 after acquiring an additional 13,250 shares in the last quarter. Principal Financial Group Inc. purchased a new position in LightPath Technologies during the 3rd quarter valued at about $953,000. Finally, Mink Brook Asset Management LLC acquired a new position in LightPath Technologies in the 2nd quarter valued at about $246,000. Hedge funds and other institutional investors own 56.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Run Strategic Opportunit North sold 55,000 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $12.09, for a total transaction of $664,950.00. Following the completion of the sale, the director owned 3,020,527 shares in the company, valued at approximately $36,518,171.43. The trade was a 1.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 2,478,762 shares of company stock worth $29,982,515 over the last 90 days. 24.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. 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 upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. HC Wainwright upped their target price on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of LightPath Technologies in a report on Thursday, January 22nd. Finally, Lake Street Capital raised their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.10.

LightPath Technologies Trading Down 2.3%

NASDAQ:LPTH opened at $11.07 on Friday. The stock has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $8.79. The stock has a market cap of $638.85 million, a P/E ratio of -21.29 and a beta of 0.98. LightPath Technologies, Inc. has a 1 year low of $1.61 and a 1 year high of $15.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97.

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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