Research analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday, May 10th.
LightPath Technologies Stock Performance
Institutional Investors Weigh In On LightPath Technologies
Several hedge funds have recently made changes to their positions in LPTH. Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after acquiring an additional 10,500 shares in the last quarter. Archon Capital Management LLC increased its position in shares of LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after purchasing an additional 37,400 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares in the last quarter. AIGH Capital Management LLC lifted its position in LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares during the period. Institutional investors own 56.29% of the company’s stock.
LightPath Technologies Company Profile
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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