nLIGHT, Inc. (NASDAQ:LASR) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 20.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 946,849 shares of the company’s stock after buying an additional 162,903 shares during the quarter. Stephens Investment Management Group LLC’s holdings in nLIGHT were worth $9,932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of nLIGHT during the 4th quarter worth $33,000. SG Americas Securities LLC lifted its position in shares of nLIGHT by 19.4% during the 4th quarter. SG Americas Securities LLC now owns 20,022 shares of the company’s stock valued at $210,000 after acquiring an additional 3,250 shares during the period. Moody National Bank Trust Division acquired a new position in nLIGHT during the fourth quarter worth $115,000. Barclays PLC grew its holdings in nLIGHT by 317.7% in the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after purchasing an additional 53,699 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of nLIGHT by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock valued at $11,804,000 after buying an additional 9,673 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

Insider Buying and Selling at nLIGHT

In other nLIGHT news, CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott H. Keeney sold 15,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.35, for a total transaction of $155,250.00. Following the transaction, the chief executive officer now directly owns 1,348,891 shares of the company’s stock, valued at approximately $13,961,021.85. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,019 shares of company stock worth $486,615. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LASR. Stifel Nicolaus decreased their price objective on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC reduced their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st.

nLIGHT Stock Down 3.7 %

Shares of NASDAQ:LASR opened at $10.83 on Monday. The company has a market capitalization of $524.50 million, a P/E ratio of -10.51 and a beta of 2.18. nLIGHT, Inc. has a 52-week low of $9.15 and a 52-week high of $14.75. The stock’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $11.12.

nLIGHT (NASDAQ:LASR) last released its earnings results on Thursday, November 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The firm had revenue of $56.13 million during the quarter, compared to analysts’ expectations of $55.71 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. During the same quarter last year, the company posted ($0.24) earnings per share. On average, sell-side analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.