Algert Global LLC Raises Stock Holdings in nLIGHT, Inc. (NASDAQ:LASR)

Algert Global LLC boosted its stake in nLIGHT, Inc. (NASDAQ:LASR) by 268.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,250 shares of the company’s stock after purchasing an additional 156,043 shares during the quarter. Algert Global LLC owned about 0.44% of nLIGHT worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of LASR. Barclays PLC lifted its holdings in shares of nLIGHT by 317.7% during the 3rd quarter. Barclays PLC now owns 70,599 shares of the company’s stock worth $755,000 after acquiring an additional 53,699 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of nLIGHT during the 4th quarter valued at about $115,000. SG Americas Securities LLC increased 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 purchasing an additional 3,250 shares during the last quarter. R Squared Ltd bought a new stake in nLIGHT in the 4th quarter worth approximately $33,000. Finally, Stephens Investment Management Group LLC lifted its position in nLIGHT by 20.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock worth $9,932,000 after buying an additional 162,903 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

nLIGHT Trading Up 5.1 %

LASR stock opened at $8.61 on Friday. The stock has a market capitalization of $425.67 million, a price-to-earnings ratio of -8.36 and a beta of 2.02. The firm’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $9.93. nLIGHT, Inc. has a 12-month low of $6.20 and a 12-month high of $14.73.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21). The business had revenue of $47.38 million for the quarter, compared to the consensus estimate of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. Equities analysts predict that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insider Activity

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 shares were sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.70% of the company’s stock.

nLIGHT 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.