Ownership Action Report: Lightpath Technologies Inc (NASDAQ:LPTH) Sentiment Worsened, Despite Downtrend

November 18, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Action Report: Lightpath Technologies Inc (NASDAQ:LPTH) Sentiment  Worsened,  Despite Downtrend

Sentiment for Lightpath Technologies Inc (NASDAQ:LPTH)

Lightpath Technologies Inc (NASDAQ:LPTH) institutional sentiment decreased to 0.67 in Q2 2016. Its down -0.33, from 1 in 2016Q1. The ratio has dropped, as 9 hedge funds increased or started new holdings, while 9 sold and decreased their stock positions in Lightpath Technologies Inc. The hedge funds in our partner’s database now possess: 1.26 million shares, down from 1.85 million shares in 2016Q1. Also, the number of hedge funds holding Lightpath Technologies Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 4 Increased: 4 New Position: 5.

LightPath Technologies, Inc. is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The company has a market cap of $24.23 million. The Firm designs, develops, makes and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies. It has a 41.38 P/E ratio. The Firm also performs research and development for optical solutions for the traditional optics markets and communications markets.

It is down 25.24% since April 18, 2016 and is downtrending. It has underperformed by 29.67% the S&P500.

According to Zacks Investment Research, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support.”

Penbrook Management Llc holds 0.28% of its portfolio in LightPath Technologies, Inc. for 143,642 shares. Navellier & Associates Inc owns 96,117 shares or 0.02% of their US portfolio. Moreover, Two Sigma Securities Llc has 0.01% invested in the company for 10,861 shares. The New York-based A.R.T. Advisors Llc has invested 0% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 4 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 insider sales for $4,751 net activity.

LPTH Company Profile

LightPath Technologies, Inc., incorporated on June 15, 1992, is a maker and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Firm designs, develops, makes and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies. The Firm also performs research and development for optical solutions for the traditional optics markets and communications markets. The Company’s products are incorporated into a range of applications by its clients in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors.

More notable recent LightPath Technologies, Inc. (NASDAQ:LPTH) news were published by: Thestreet.com which released: “LightPath Technologies (LPTH) Stock Spikes on Heavy Trading Volume” on June 03, 2015, also Thestreet.com with their article: “One Factor Bringing LightPath Technologies (LPTH) Stock Up Today” published on June 09, 2015, Zacks.com published: “LightPath Technologies Stock: 3 Reasons Why LPTH Is a Top Choice for Momentum …” on December 15, 2015. More interesting news about LightPath Technologies, Inc. (NASDAQ:LPTH) were released by: Streetinsider.com and their article: “Lightpath Technologies (LPTH) to Acquire ISP Optics Corporation in $18M Deal” published on August 08, 2016 as well as Seekingalpha.com‘s news article titled: “LightPath Technologies/ISP Optics M&A: The Formation Of An Industry Power Player” with publication date: November 07, 2016.

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By Adrian Mccoy


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