Royce & Associates LP Acquires 144,283 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Royce & Associates LP grew its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,877,759 shares of the company’s stock after acquiring an additional 144,283 shares during the quarter. Royce & Associates LP owned 0.06% of nLIGHT worth $30,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LASR. Harvey Partners LLC boosted its position in shares of nLIGHT by 56.5% in the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock valued at $18,547,000 after acquiring an additional 626,500 shares during the period. Raymond James Financial Inc. bought a new stake in shares of nLIGHT in the fourth quarter valued at approximately $1,976,000. Stephens Investment Management Group LLC boosted its position in shares of nLIGHT by 20.8% in the fourth 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 during the period. Needham Investment Management LLC boosted its position in shares of nLIGHT by 7.1% in the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock valued at $24,990,000 after acquiring an additional 155,000 shares during the period. Finally, Fisher Asset Management LLC bought a new stake in shares of nLIGHT in the third quarter valued at approximately $1,342,000. 83.88% of the stock is owned by institutional investors.

nLIGHT Price Performance

Shares of LASR stock opened at $8.93 on Friday. The stock has a market cap of $437.85 million, a P/E ratio of -8.67 and a beta of 2.29. nLIGHT, Inc. has a one year low of $7.94 and a one year high of $14.73. The stock has a fifty day moving average price of $10.41 and a 200 day moving average price of $10.81.

nLIGHT (NASDAQ:LASR) last issued its earnings results on Thursday, February 27th. The company reported ($0.42) 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 firm had revenue of $47.38 million during the quarter, compared to the consensus estimate of $46.62 million. Equities research analysts anticipate that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insiders Place Their Bets

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 in the company, valued at $10,358,963.59. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 68,024 shares of company stock worth $579,934 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.