StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report released on Wednesday. The firm issued a hold rating on the technology company’s stock.
Separately, HC Wainwright reissued a buy rating and issued a $3.00 price objective on shares of LightPath Technologies in a report on Friday, May 10th.
Check Out Our Latest Analysis on LightPath Technologies
LightPath Technologies Stock Performance
Hedge Funds Weigh In On LightPath Technologies
Several large investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC raised its position in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares during the last quarter. Archon Capital Management LLC raised 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 buying an additional 37,400 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after buying an additional 47,429 shares during the last quarter. AIGH Capital Management LLC raised its position in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after buying an additional 200,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
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.
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