16,772 Shares in nLIGHT, Inc. (NASDAQ:LASR) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in nLIGHT, Inc. (NASDAQ:LASR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,772 shares of the company’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LASR. Divisar Capital Management LLC grew its position in shares of nLIGHT by 9.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after acquiring an additional 133,023 shares during the period. GSA Capital Partners LLP grew its holdings in nLIGHT by 112.0% in the first quarter. GSA Capital Partners LLP now owns 65,952 shares of the company’s stock valued at $857,000 after purchasing an additional 34,844 shares during the period. Vanguard Group Inc. increased its position in shares of nLIGHT by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock valued at $65,855,000 after buying an additional 23,697 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of nLIGHT by 15.0% during the 1st quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $150,000 after buying an additional 1,503 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of nLIGHT by 79.1% during the 1st quarter. BNP Paribas Financial Markets now owns 21,812 shares of the company’s stock valued at $284,000 after buying an additional 9,635 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

nLIGHT Stock Performance

Shares of LASR stock opened at $10.64 on Thursday. The firm has a market capitalization of $506.09 million, a P/E ratio of -10.43 and a beta of 2.35. nLIGHT, Inc. has a fifty-two week low of $8.13 and a fifty-two week high of $15.00. The stock’s fifty day moving average is $11.06 and its two-hundred day moving average is $11.62.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. The firm had revenue of $50.51 million during the quarter, compared to analysts’ expectations of $49.23 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts forecast that nLIGHT, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of nLIGHT in a report on Monday, August 5th. Cantor Fitzgerald started coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target on the stock. Finally, Benchmark reiterated a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research note on Friday, August 2nd.

Insiders Place Their Bets

In other news, CFO Joseph John Corso sold 4,461 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total transaction of $51,033.84. Following the transaction, the chief financial officer now owns 171,434 shares of the company’s stock, valued at approximately $1,961,204.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Scott H. Keeney sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the transaction, the chief executive officer now directly owns 1,347,781 shares in the company, valued at approximately $15,095,147.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph John Corso sold 4,461 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the transaction, the chief financial officer now directly owns 171,434 shares in the company, valued at approximately $1,961,204.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,461 shares of company stock valued at $385,684 in the last three months. 6.10% of the stock is currently owned by insiders.

About nLIGHT

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.