EntryPoint Capital LLC Sells 2,511 Shares of nLIGHT, Inc. (NASDAQ:LASR)

EntryPoint Capital LLC trimmed its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,951 shares of the company’s stock after selling 2,511 shares during the period. EntryPoint Capital LLC’s holdings in nLIGHT were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new stake in nLIGHT during the fourth quarter valued at approximately $5,270,000. KLP Kapitalforvaltning AS acquired a new position in shares of nLIGHT during the fourth quarter worth $102,000. Sei Investments Co. lifted its holdings in shares of nLIGHT by 4.3% during the 4th quarter. Sei Investments Co. now owns 44,691 shares of the company’s stock valued at $469,000 after purchasing an additional 1,861 shares during the last quarter. American Century Companies Inc. boosted its position in shares of nLIGHT by 11.1% in the 4th quarter. American Century Companies Inc. now owns 90,206 shares of the company’s stock worth $946,000 after purchasing an additional 9,030 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in nLIGHT by 17.6% during the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock valued at $124,000 after buying an additional 1,772 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

nLIGHT Stock Down 2.1 %

Shares of NASDAQ LASR opened at $8.27 on Friday. nLIGHT, Inc. has a 52 week low of $7.94 and a 52 week high of $14.73. The firm has a market cap of $405.49 million, a P/E ratio of -8.03 and a beta of 2.29. The business’s 50 day moving average price is $10.01 and its 200 day moving average price is $10.65.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21). The business had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. As a group, research analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Insider Buying and Selling at nLIGHT

In related news, CEO Scott H. Keeney sold 53,511 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now directly owns 1,267,927 shares of the company’s stock, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LASR. Stifel Nicolaus dropped their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC dropped their target price on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st.

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.