Baader Bank Aktiengesellschaft Invests $436,000 in nLight $LASR

Baader Bank Aktiengesellschaft acquired a new stake in nLight (NASDAQ:LASR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,700 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds also recently added to or reduced their stakes in LASR. Oppenheimer & Co. Inc. acquired a new position in shares of nLight in the third quarter worth $241,000. Lisanti Capital Growth LLC boosted its holdings in nLight by 4.0% in the third quarter. Lisanti Capital Growth LLC now owns 84,543 shares of the company’s stock valued at $2,505,000 after purchasing an additional 3,213 shares during the period. AlphaQuest LLC grew its stake in nLight by 43.9% during the 3rd quarter. AlphaQuest LLC now owns 17,149 shares of the company’s stock worth $508,000 after purchasing an additional 5,230 shares in the last quarter. Arizona State Retirement System purchased a new stake in nLight during the 3rd quarter worth about $412,000. Finally, Federated Hermes Inc. raised its position in nLight by 161,736.7% in the 3rd quarter. Federated Hermes Inc. now owns 79,300 shares of the company’s stock valued at $2,350,000 after purchasing an additional 79,251 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Scott H. Keeney sold 31,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $37.51, for a total transaction of $1,190,867.48. Following the transaction, the chief executive officer directly owned 2,285,020 shares in the company, valued at approximately $85,711,100.20. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO James Nias sold 1,200 shares of nLight stock in a transaction on Friday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the transaction, the chief accounting officer directly owned 99,512 shares in the company, valued at $2,985,360. The trade was a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 128,702 shares of company stock worth $4,658,166 in the last quarter. 4.70% of the stock is owned by insiders.

nLight Price Performance

Shares of LASR opened at $52.43 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.63 and a quick ratio of 4.36. nLight has a 1-year low of $6.20 and a 1-year high of $55.92. The stock has a market cap of $2.66 billion, a PE ratio of -59.58 and a beta of 2.33. The firm has a fifty day moving average price of $42.15 and a 200 day moving average price of $33.86.

Analyst Ratings Changes

A number of analysts recently weighed in on LASR shares. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research note on Wednesday, December 17th. Zacks Research downgraded shares of nLight from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Needham & Company LLC raised their price target on nLight from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Stifel Nicolaus assumed coverage on nLight in a report on Tuesday, January 20th. They set a “buy” rating and a $60.00 price target for the company. Finally, Wall Street Zen downgraded nLight from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.00.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.