Jane Street Group LLC Purchases 68,682 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Jane Street Group LLC grew its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 98.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 138,646 shares of the company’s stock after buying an additional 68,682 shares during the quarter. Jane Street Group LLC’s holdings in nLIGHT were worth $1,482,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in nLIGHT by 9.1% in the third quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after acquiring an additional 227,580 shares in the last quarter. Needham Investment Management LLC lifted its position in shares of nLIGHT by 7.1% in the 3rd quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock worth $24,990,000 after purchasing an additional 155,000 shares during the period. Harvey Partners LLC boosted its stake in shares of nLIGHT by 56.5% during the 3rd quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock valued at $18,547,000 after purchasing an additional 626,500 shares in the last quarter. Divisar Capital Management LLC boosted its stake 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 purchasing an additional 133,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of nLIGHT by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company’s stock valued at $12,547,000 after buying an additional 47,267 shares during the period. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This represents a 1.59 % 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, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,019 shares of company stock valued at $1,027,215 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

LASR has been the subject of several research analyst reports. Needham & Company LLC raised their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald started coverage on nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company.

nLIGHT Price Performance

NASDAQ:LASR opened at $10.46 on Friday. The firm’s 50-day moving average price is $11.17 and its 200-day moving average price is $11.28. The company has a market capitalization of $506.57 million, a PE ratio of -10.16 and a beta of 2.20. nLIGHT, Inc. has a 1-year low of $9.64 and a 1-year high of $14.75.

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.