Legato Capital Management LLC Takes Position in LightPath Technologies, Inc. (NASDAQ:LPTH)

Legato Capital Management LLC bought a new stake in LightPath Technologies, Inc. (NASDAQ:LPTH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,427 shares of the technology company’s stock, valued at approximately $83,000. Legato Capital Management LLC owned approximately 0.06% of LightPath Technologies as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LPTH. Crewe Advisors LLC bought a new position in shares of LightPath Technologies in the fourth quarter valued at approximately $28,000. Murphy Pohlad Asset Management LLC grew its holdings in LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the period. Finally, Wealth Effects LLC bought a new position in LightPath Technologies during the fourth quarter valued at $164,000. 56.29% of the stock is owned by institutional investors.

LightPath Technologies Trading Down 7.4 %

NASDAQ:LPTH opened at $2.64 on Friday. The company has a market cap of $104.72 million, a P/E ratio of -12.00 and a beta of 1.01. The stock’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $2.03. LightPath Technologies, Inc. has a 1 year low of $1.04 and a 1 year high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. As a group, analysts expect that LightPath Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on LPTH shares. HC Wainwright increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, LADENBURG THALM/SH SH increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd.

About LightPath Technologies

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.