LightPath Technologies, Inc. (NASDAQ:LPTH) Stock Position Increased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. boosted its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 73.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,824 shares of the technology company’s stock after purchasing an additional 47,429 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.29% of LightPath Technologies worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LPTH. AMH Equity Ltd lifted its position in LightPath Technologies by 12.4% in the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after purchasing an additional 310,870 shares during the last quarter. Worth Venture Partners LLC lifted its position in LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its stake in LightPath Technologies by 240.7% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after buying an additional 32,500 shares during the period. 56.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LPTH shares. StockNews.com started coverage on shares of LightPath Technologies in a research note on Monday, June 24th. They set a “hold” rating on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research note on Friday, May 10th.

LightPath Technologies Stock Performance

Shares of LPTH opened at $1.26 on Friday. The firm’s 50 day moving average is $1.32 and its 200-day moving average is $1.39. The stock has a market capitalization of $48.90 million, a P/E ratio of -7.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. LightPath Technologies, Inc. has a 12-month low of $1.12 and a 12-month high of $2.00.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. The business had revenue of $7.70 million during the quarter, compared to analyst estimates of $7.94 million. During the same period in the prior year, the firm earned ($0.03) EPS. Equities research analysts anticipate that LightPath Technologies, Inc. will post -0.2 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.