Murphy Pohlad Asset Management LLC Purchases 12,600 Shares of LightPath Technologies, Inc. (NASDAQ:LPTH)

Murphy Pohlad Asset Management LLC boosted its stake in LightPath Technologies, Inc. (NASDAQ:LPTH) by 22.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,100 shares of the technology company’s stock after acquiring an additional 12,600 shares during the quarter. Murphy Pohlad Asset Management LLC owned 0.18% of LightPath Technologies worth $95,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its position in LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after acquiring an additional 67,429 shares in the last quarter. Vanguard Group Inc. lifted its position in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after acquiring an additional 211,626 shares in the last quarter. Archon Capital Management LLC lifted its position in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after acquiring an additional 37,400 shares in the last quarter. Finally, AIGH Capital Management LLC lifted its position in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after acquiring an additional 200,000 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LPTH. StockNews.com began coverage on shares of LightPath Technologies in a research note on Wednesday. They issued a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Stock Down 1.3 %

Shares of LPTH stock opened at $1.57 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. LightPath Technologies, Inc. has a 1 year low of $1.04 and a 1 year high of $1.74. The firm’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.36. The firm has a market capitalization of $62.19 million, a P/E ratio of -7.14 and a beta of 1.31.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. On average, equities analysts predict that LightPath Technologies, Inc. will post -0.14 EPS for the current fiscal year.

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.