Barclays PLC Grows Stake in nLIGHT, Inc. (NASDAQ:LASR)

Barclays PLC lifted its stake in nLIGHT, Inc. (NASDAQ:LASR) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,850 shares of the company’s stock after purchasing an additional 9,251 shares during the quarter. Barclays PLC owned about 0.16% of nLIGHT worth $838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LASR. Picton Mahoney Asset Management boosted its position in shares of nLIGHT by 47.4% during the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company’s stock valued at $30,000 after buying an additional 935 shares during the period. R Squared Ltd bought a new position in nLIGHT in the 4th quarter valued at $33,000. Russell Investments Group Ltd. increased its stake in nLIGHT by 3,951.6% in the fourth quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company’s stock worth $39,000 after purchasing an additional 3,596 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of nLIGHT during the fourth quarter worth $102,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of nLIGHT during the fourth quarter valued at $115,000. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Insider Buying and Selling

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now owns 1,267,927 shares of the company’s stock, valued at approximately $10,358,963.59. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by company insiders.

nLIGHT Stock Down 3.4 %

Shares of LASR stock opened at $8.07 on Wednesday. The firm has a market cap of $398.97 million, a price-to-earnings ratio of -7.83 and a beta of 2.02. nLIGHT, Inc. has a 52-week low of $6.20 and a 52-week high of $14.73. The company’s 50 day moving average is $8.02 and its 200 day moving average is $9.96.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The company had revenue of $47.38 million during the quarter, compared to the consensus estimate of $46.62 million. Analysts anticipate that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LASR has been the topic of a number of research analyst reports. Stifel Nicolaus dropped 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. Needham & Company LLC reduced their price objective on nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st.

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.