Thompson Davis & CO. Inc. Buys New Stake in LightPath Technologies, Inc. $LPTH
Thompson Davis & CO. Inc. acquired 43,350 shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in Q2, valued at $134,000, as per their latest SEC filing. Other institutional investors also increased their stakes. Analysts have mixed ratings on LPTH, with a consensus 'Moderate Buy' and an average target price of $9.13. LightPath Technologies designs and manufactures optical components and assemblies.
Thompson Davis & CO. Inc. purchased a new position in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,350 shares of the technology company's stock, valued at approximately $134,000. Thompson Davis & CO. Inc. owned approximately 0.10% of LightPath Technologies as of its most recent SEC filing.
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A number of other institutional investors also recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC bought a new stake in shares of LightPath Technologies in the 2nd quarter valued at approximately $246,000. Royce & Associates LP boosted its stake in LightPath Technologies by 4.7% in the 1st quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company's stock valued at $2,602,000 after buying an additional 58,194 shares in the last quarter. Jane Street Group LLC boosted its stake in LightPath Technologies by 92.1% in the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company's stock valued at $122,000 after buying an additional 29,054 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies in the second quarter valued at $79,000. Finally, Marathon Capital Management acquired a new position in LightPath Technologies during the second quarter worth $54,000. 56.29% of the stock is owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
LPTH has been the topic of several analyst reports. HC Wainwright upped their target price on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday. Zacks Research upgraded shares of LightPath Technologies to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. Lake Street Capital lifted their target price on shares of LightPath Technologies from $7.50 to $10.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, LADENBURG THALM/SH SH boosted their target price on LightPath Technologies from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.13.
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Read Our Latest Research Report on LightPath Technologies
LightPath Technologies Price Performance
Shares of LPTH stock opened at $6.66 on Friday. The firm has a market cap of $302.54 million, a price-to-earnings ratio of -18.50 and a beta of 1.18. LightPath Technologies, Inc. has a 12 month low of $1.40 and a 12 month high of $10.69. The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $7.60 and a 200 day moving average price of $4.73.
About LightPath Technologies
(Free Report)- 3 Small-to-Mid-cap Stocks to Buy and Hold for 2025
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.
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