Royce & Associates LP Raises Stake in nLIGHT, Inc. (NASDAQ:LASR)

Royce & Associates LP increased its position in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,877,759 shares of the company's stock after acquiring an additional 144,283 shares during the period. Royce & Associates LP owned approximately 5.94% of nLIGHT worth $30,188,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Needham Investment Management LLC boosted its position in nLIGHT by 7.1% during the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company's stock worth $24,990,000 after purchasing an additional 155,000 shares in the last quarter. Harvey Partners LLC raised its stake in shares of nLIGHT by 56.5% during the 3rd quarter. Harvey Partners LLC now owns 1,735,000 shares of the company's stock worth $18,547,000 after buying an additional 626,500 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of nLIGHT by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company's stock worth $11,804,000 after buying an additional 9,673 shares in the last quarter. State Street Corp grew its stake in nLIGHT by 1.1% in the 3rd quarter. State Street Corp now owns 1,021,736 shares of the company's stock valued at $10,922,000 after acquiring an additional 11,132 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in nLIGHT by 20.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company's stock valued at $9,932,000 after acquiring an additional 162,903 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

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nLIGHT Trading Down 1.2 %

Shares of NASDAQ LASR traded down $0.11 during midday trading on Thursday, reaching $8.83. 694,660 shares of the stock were exchanged, compared to its average volume of 303,828. The stock has a 50 day moving average price of $10.27 and a 200-day moving average price of $10.76. The company has a market capitalization of $432.94 million, a P/E ratio of -8.57 and a beta of 2.29. nLIGHT, Inc. has a 52-week low of $7.94 and a 52-week high of $14.73.

nLIGHT (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.21). nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The business had revenue of $47.38 million during the quarter, compared to analysts' expectations of $46.62 million. On average, analysts forecast that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LASR has been the topic of several recent research reports. 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. Stifel Nicolaus reduced their target price on nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th.

Insider Transactions at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total transaction of $437,184.87. Following the transaction, the chief executive officer now 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 accessible through this hyperlink. Insiders have sold a total of 68,024 shares of company stock worth $579,934 in the last three months. Company insiders own 6.10% of the company's stock.

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.