Segall Bryant & Hamill LLC Takes $5.27 Million Position in nLIGHT, Inc. (NASDAQ:LASR)

Segall Bryant & Hamill LLC acquired a new position in nLIGHT, Inc. (NASDAQ:LASR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 502,365 shares of the company’s stock, valued at approximately $5,270,000. Segall Bryant & Hamill LLC owned 1.04% of nLIGHT as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LASR. KLP Kapitalforvaltning AS bought a new position in nLIGHT in the 4th quarter worth about $102,000. Sei Investments Co. grew its holdings in nLIGHT by 4.3% in the 4th quarter. Sei Investments Co. now owns 44,691 shares of the company’s stock worth $469,000 after buying an additional 1,861 shares in the last quarter. American Century Companies Inc. grew its holdings in 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 buying an additional 9,030 shares in the last quarter. Quantbot Technologies LP increased its position in nLIGHT by 17.6% in the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock valued at $124,000 after acquiring an additional 1,772 shares during the period. Finally, Royce & Associates LP raised its stake in nLIGHT by 5.3% during the 4th quarter. Royce & Associates LP now owns 2,877,759 shares of the company’s stock valued at $30,188,000 after acquiring an additional 144,283 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on LASR shares. Needham & Company LLC decreased their price target on nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their target price on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

nLIGHT Stock Performance

LASR opened at $8.27 on Friday. The stock’s fifty day moving average is $10.01 and its 200-day moving average is $10.65. nLIGHT, Inc. has a one year low of $7.94 and a one year high of $14.73. The company has a market capitalization of $405.49 million, a PE ratio of -8.03 and a beta of 2.29.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings results 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 net margin of 24.16% and a negative return on equity of 19.53%. On average, equities research analysts forecast that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the completion of the sale, the chief executive officer now owns 1,267,927 shares in the company, valued at approximately $10,358,963.59. This represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by insiders.

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.