Run Strategic Opportunit North Sells 104,454 Shares of LightPath Technologies (NASDAQ:LPTH) Stock

Key Points

• Run Strategic Opportunit North sold 104,454 shares of LightPath on March 17 at an average price of $12.01 (proceeds $1,254,492.54) and still directly owns 2,916,073 shares, a 3.46% reduction in their position.
• The director has been liquidating repeatedly since January, selling about 2.6 million shares across multiple trades for roughly $31.4 million in proceeds.
• LightPath stock traded down 1.5% to $11.49 (market cap ~$663.1M) and carries a MarketBeat consensus rating of Moderate Buy with a consensus target price of $12.10.

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) Director Run Strategic Opportunit North sold 104,454 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $12.01, for a total value of $1,254,492.54. Following the transaction, the director directly owned 2,916,073 shares in the company, valued at $35,022,036.73. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Run Strategic Opportunit North also recently made the following trade(s):

• On Wednesday, March 18th, Run Strategic Opportunit North sold 16,000 shares of LightPath Technologies stock. The shares were sold at an average price of $12.00, for a total value of $192,000.00.
• On Wednesday, March 4th, Run Strategic Opportunit North sold 55,000 shares of LightPath Technologies stock. The stock was sold at an average price of $12.09, for a total transaction of $664,950.00.
• On Tuesday, March 3rd, Run Strategic Opportunit North sold 381,004 shares of LightPath Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $4,640,628.72.
• On Monday, March 2nd, Run Strategic Opportunit North sold 238,991 shares of LightPath Technologies stock. The shares were sold at an average price of $12.03, for a total transaction of $2,875,061.73.
• On Wednesday, February 25th, Run Strategic Opportunit North sold 300,092 shares of LightPath Technologies stock. The shares were sold at an average price of $12.18, for a total transaction of $3,655,120.56.
• On Tuesday, February 24th, Run Strategic Opportunit North sold 131,281 shares of LightPath Technologies stock. The stock was sold at an average price of $12.02, for a total transaction of $1,577,997.62.
• On Monday, February 23rd, Run Strategic Opportunit North sold 6,500 shares of LightPath Technologies stock. The shares were sold at an average price of $12.01, for a total transaction of $78,065.00.
• 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 value of $9,028,162.12.

LightPath Technologies Stock Down 1.5%

LightPath Technologies stock traded down $0.18 during trading hours on Thursday, reaching $11.49. The stock had a trading volume of 1,497,013 shares, compared to its average volume of 2,882,034. The company has a market cap of $663.09 million, a price-to-earnings ratio of -22.10 and a beta of 0.98. The business's 50 day moving average price is $11.59 and its 200-day moving average price is $9.17. LightPath Technologies, Inc. has a 52 week low of $1.61 and a 52 week high of $15.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.97 and a quick ratio of 3.42.

Institutional Investors Weigh In On LightPath Technologies

Large investors have recently made changes to their positions in the stock. Lake Street Private Wealth LLC purchased a new position in LightPath Technologies in the 4th quarter worth $108,000. Occudo Quantitative Strategies LP purchased a new stake in LightPath Technologies during the 3rd quarter valued at about $82,000. Hudson Bay Capital Management LP acquired a new position in shares of LightPath Technologies in the third quarter valued at about $84,000. Wexford Capital LP acquired a new position in shares of LightPath Technologies in the third quarter valued at about $88,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of LightPath Technologies in the third quarter worth about $90,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LPTH shares. Wall Street Zen raised shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. LADENBURG THALM/SH SH raised LightPath Technologies to a "strong-buy" rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Lake Street Capital increased their price target on LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Finally, HC Wainwright raised their price target on LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.10.

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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