R Squared Ltd Takes Position in nLIGHT, Inc. (NASDAQ:LASR)

R Squared Ltd acquired a new stake in nLIGHT, Inc. (NASDAQ:LASR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,170 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd boosted its stake in nLIGHT by 1,637.2% during the third quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock worth $44,000 after acquiring an additional 3,913 shares in the last quarter. nVerses Capital LLC lifted its position in shares of nLIGHT by 500.0% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of nLIGHT during the third quarter valued at about $50,000. Quantbot Technologies LP raised its position in nLIGHT by 25.5% in the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock worth $108,000 after acquiring an additional 2,052 shares during the period. Finally, International Assets Investment Management LLC raised its position in nLIGHT by 969.0% in the third quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after acquiring an additional 9,690 shares during the period. 83.88% of the stock is owned by institutional investors.

nLIGHT Stock Down 1.8 %

NASDAQ:LASR opened at $10.97 on Tuesday. nLIGHT, Inc. has a 52 week low of $9.15 and a 52 week high of $14.75. The firm has a market capitalization of $531.28 million, a P/E ratio of -10.65 and a beta of 2.18. The company has a fifty day moving average of $10.88 and a 200 day moving average of $11.15.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.13). The company had revenue of $56.13 million during the quarter, compared to the consensus estimate of $55.71 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. During the same quarter last year, the company posted ($0.24) earnings per share. As a group, analysts anticipate that nLIGHT, Inc. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

LASR has been the topic of several research reports. Stifel Nicolaus lowered their price target on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC lowered their price objective on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 21st.

Insider Transactions at nLIGHT

In other news, CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott H. Keeney sold 12,013 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $9.96, for a total transaction of $119,649.48. Following the sale, the chief executive officer now directly owns 1,340,146 shares in the company, valued at approximately $13,347,854.16. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,019 shares of company stock valued at $692,565 in the last three months. 6.10% of the stock is currently owned by company insiders.

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.