Natixis Advisors LLC Purchases 14,983 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Natixis Advisors LLC lifted its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 19.2% in the second quarter, HoldingsChannel reports. The fund owned 93,043 shares of the company’s stock after buying an additional 14,983 shares during the period. Natixis Advisors LLC’s holdings in nLIGHT were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Pinnacle Associates Ltd. grew its stake in shares of nLIGHT by 18.1% during the second quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock worth $22,087,000 after purchasing an additional 309,634 shares during the period. Invenomic Capital Management LP grew its stake in shares of nLIGHT by 5.9% during the first quarter. Invenomic Capital Management LP now owns 89,350 shares of the company’s stock worth $1,162,000 after purchasing an additional 4,973 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of nLIGHT by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock worth $172,000 after purchasing an additional 1,886 shares during the period. Keeley Teton Advisors LLC grew its stake in shares of nLIGHT by 17.2% during the first quarter. Keeley Teton Advisors LLC now owns 77,788 shares of the company’s stock worth $1,011,000 after purchasing an additional 11,437 shares during the period. Finally, EntryPoint Capital LLC grew its stake in shares of nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company’s stock worth $269,000 after purchasing an additional 17,159 shares during the period. 83.88% of the stock is owned by institutional investors and hedge funds.

nLIGHT Trading Up 1.0 %

NASDAQ:LASR opened at $10.64 on Thursday. nLIGHT, Inc. has a 1 year low of $8.13 and a 1 year high of $15.00. The stock has a market cap of $512.10 million, a price-to-earnings ratio of -10.43 and a beta of 2.36. The stock has a 50-day moving average price of $11.51 and a two-hundred day moving average price of $12.03.

nLIGHT (NASDAQ:LASR) last posted its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned ($0.18) earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts forecast that nLIGHT, Inc. will post -0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Benchmark reaffirmed a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of nLIGHT in a research note on Monday, August 5th.

Insider Buying and Selling at nLIGHT

In other nLIGHT news, CFO Joseph John Corso sold 4,461 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $1,961,204.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

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.