Segall Bryant & Hamill LLC Takes $5.27 Million Position in nLIGHT, Inc. (NASDAQ:LASR)

Segall Bryant & Hamill LLC acquired a new position in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 502,365 shares of the company's stock, valued at approximately $5,270,000. Segall Bryant & Hamill LLC owned approximately 1.04% of nLIGHT at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LASR. Royce & Associates LP grew its stake in nLIGHT by 5.3% in the 4th quarter. Royce & Associates LP now owns 2,877,759 shares of the company's stock worth $30,188,000 after buying an additional 144,283 shares in the last quarter. Needham Investment Management LLC lifted its holdings in shares of nLIGHT by 7.1% during the 3rd quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company's stock worth $24,990,000 after acquiring an additional 155,000 shares during the last quarter. Harvey Partners LLC grew its position in nLIGHT by 56.5% in the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company's stock worth $18,547,000 after acquiring an additional 626,500 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 acquiring an additional 9,673 shares during the last quarter. Finally, State Street Corp raised its position in nLIGHT by 1.1% during the third quarter. State Street Corp now owns 1,021,736 shares of the company's stock valued at $10,922,000 after purchasing an additional 11,132 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LASR. Stifel Nicolaus cut their price objective on nLIGHT from $17.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Needham & Company LLC cut their target price on nLIGHT from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st.

nLIGHT Trading Up 0.8 %

Shares of NASDAQ:LASR traded up $0.06 on Tuesday, reaching $7.83. 407,738 shares of the company traded hands, compared to its average volume of 315,233. The stock has a market capitalization of $383.91 million, a P/E ratio of -7.60 and a beta of 2.29. The business's 50-day simple moving average is $9.81 and its 200 day simple moving average is $10.60. nLIGHT, Inc. has a 52 week low of $7.59 and a 52 week high of $14.73.

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

Insider Activity at nLIGHT

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

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.