EAM Investors LLC Buys Shares of 312,145 LightPath Technologies, Inc. (NASDAQ:LPTH)

EAM Investors LLC acquired a new stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 312,145 shares of the technology company's stock, valued at approximately $1,102,000. EAM Investors LLC owned 0.79% of LightPath Technologies as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LPTH. Crewe Advisors LLC acquired a new position in shares of LightPath Technologies during the 4th quarter valued at about $28,000. Legato Capital Management LLC acquired a new position in LightPath Technologies during the fourth quarter worth approximately $83,000. J.W. Cole Advisors Inc. purchased a new position in LightPath Technologies during the fourth quarter worth approximately $87,000. Wealth Effects LLC acquired a new position in shares of LightPath Technologies in the 4th quarter valued at $164,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of LightPath Technologies during the 4th quarter valued at $338,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

LightPath Technologies Stock Down 0.5 %

Shares of LPTH stock traded down $0.01 during trading hours on Tuesday, reaching $1.95. The company had a trading volume of 24,433 shares, compared to its average volume of 158,950. The stock's fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.30. The company has a market capitalization of $78.31 million, a P/E ratio of -8.12 and a beta of 1.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. LightPath Technologies, Inc. has a twelve month low of $1.04 and a twelve month high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The firm had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. As a group, sell-side analysts expect that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LPTH. Lake Street Capital lifted their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a report on Friday, December 27th. HC Wainwright reissued a "buy" rating and set a $5.00 target price on shares of LightPath Technologies in a research report on Thursday, February 27th. LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Finally, StockNews.com lowered shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, January 4th.

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.