Allspring Global Investments Holdings LLC bought a new stake in Luna Innovations Incorporated (NASDAQ:LUNA – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,490 shares of the scientific and technical instruments company’s stock, valued at approximately $107,000. Allspring Global Investments Holdings LLC owned 0.10% of Luna Innovations at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Alpine Global Management LLC acquired a new position in Luna Innovations in the 1st quarter valued at approximately $75,000. Keeley Teton Advisors LLC purchased a new stake in shares of Luna Innovations during the first quarter worth $64,000. Vanguard Group Inc. boosted its position in Luna Innovations by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company’s stock valued at $5,919,000 after purchasing an additional 16,773 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Luna Innovations by 672.6% during the first quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock valued at $223,000 after purchasing an additional 60,547 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in Luna Innovations by 60.6% in the 1st quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock worth $6,484,000 after purchasing an additional 763,165 shares during the last quarter. 87.46% of the stock is owned by hedge funds and other institutional investors.
Luna Innovations Stock Up 4.3 %
Shares of LUNA opened at $2.19 on Monday. The firm has a market cap of $74.37 million, a price-to-earnings ratio of -27.38 and a beta of 1.58. The company’s fifty day moving average is $2.69 and its 200-day moving average is $3.31. Luna Innovations Incorporated has a 12 month low of $1.91 and a 12 month high of $7.92.
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Luna Innovations Company Profile
Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.
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