International Assets Investment Management LLC Grows Stock Holdings in nLIGHT, Inc. (NASDAQ:LASR)

International Assets Investment Management LLC increased its stake in shares of nLIGHT, Inc. (NASDAQ:LASR) by 1,212.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the company’s stock after buying an additional 12,471 shares during the period. International Assets Investment Management LLC’s holdings in nLIGHT were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LASR. Victory Capital Management Inc. lifted its holdings in shares of nLIGHT by 5.4% in the third quarter. Victory Capital Management Inc. now owns 56,000 shares of the company’s stock valued at $582,000 after purchasing an additional 2,846 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of nLIGHT by 91.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,732 shares of the company’s stock valued at $91,000 after purchasing an additional 4,174 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of nLIGHT by 25.9% during the fourth quarter. SG Americas Securities LLC now owns 24,799 shares of the company’s stock valued at $335,000 after buying an additional 5,096 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in nLIGHT by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,088 shares of the company’s stock worth $708,000 after purchasing an additional 10,485 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in nLIGHT during the third quarter worth approximately $116,000. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Insiders Place Their Bets

In other nLIGHT news, CFO Joseph John Corso sold 14,105 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.26, for a total value of $172,927.30. Following the completion of the sale, the chief financial officer now directly owns 146,601 shares of the company’s stock, valued at $1,797,328.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

nLIGHT Trading Up 2.5 %

LASR opened at $11.56 on Monday. The company has a fifty day simple moving average of $12.44 and a 200 day simple moving average of $12.24. The firm has a market cap of $546.67 million, a price-to-earnings ratio of -12.84 and a beta of 2.43. nLIGHT, Inc. has a twelve month low of $8.13 and a twelve month high of $15.91.

nLIGHT (NASDAQ:LASR) last released its earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.02. nLIGHT had a negative net margin of 19.85% and a negative return on equity of 15.03%. The firm had revenue of $51.89 million for the quarter, compared to analysts’ expectations of $48.08 million. On average, analysts forecast that nLIGHT, Inc. will post -0.93 earnings per share for the current fiscal year.

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.