nLIGHT, Inc. (NASDAQ:LASR) Shares Bought by First Washington CORP

First Washington CORP lifted its position in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 397,391 shares of the company's stock after buying an additional 71,414 shares during the quarter. nLIGHT makes up about 1.5% of First Washington CORP's holdings, making the stock its 26th largest position. First Washington CORP owned about 0.82% of nLIGHT worth $4,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LASR. Picton Mahoney Asset Management raised its holdings in shares of nLIGHT by 47.4% in the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock worth $30,000 after acquiring an additional 935 shares during the last quarter. R Squared Ltd acquired a new position in nLIGHT in the 4th quarter valued at about $33,000. Russell Investments Group Ltd. lifted its holdings in nLIGHT by 3,951.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company's stock valued at $39,000 after purchasing an additional 3,596 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of nLIGHT during the 4th quarter worth about $102,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of nLIGHT during the fourth quarter worth about $115,000. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

nLIGHT Price Performance

LASR stock traded up $0.38 on Thursday, hitting $7.72. 60,887 shares of the company were exchanged, compared to its average volume of 324,823. The stock has a market capitalization of $378.27 million, a price-to-earnings ratio of -7.46 and a beta of 2.24. The business's fifty day moving average is $8.38 and its two-hundred day moving average is $10.16. nLIGHT, Inc. has a twelve month low of $6.20 and a twelve month high of $14.73.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.21). The firm had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. Equities research analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Insider Activity at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the transaction, the chief executive officer now directly owns 1,267,927 shares of the company's stock, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.