J.W. Cole Advisors Inc. Takes $87,000 Position in LightPath Technologies, Inc. (NASDAQ:LPTH)

J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies, Inc. (NASDAQ:LPTH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,600 shares of the technology company’s stock, valued at approximately $87,000. J.W. Cole Advisors Inc. owned 0.06% of LightPath Technologies at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LPTH. Murphy Pohlad Asset Management LLC increased its holdings in shares of LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after acquiring an additional 12,600 shares during the period. Wealth Effects LLC acquired a new position in LightPath Technologies in the 4th quarter valued at $164,000. Crewe Advisors LLC acquired a new position in LightPath Technologies in the 4th quarter valued at $28,000. Finally, Legato Capital Management LLC acquired a new position in LightPath Technologies in the 4th quarter valued at $83,000. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $2.44 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. LightPath Technologies, Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.42. The stock has a market cap of $97.99 million, a PE ratio of -10.17 and a beta of 1.01. The firm’s fifty day simple moving average is $3.15 and its 200-day simple moving average is $2.07.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of LightPath Technologies in a research note on Tuesday. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd.

LightPath Technologies 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.