Bradley Foster & Sargent Inc. CT Has $466,000 Stake in Luna Innovations Incorporated (NASDAQ:LUNA)

Bradley Foster & Sargent Inc. CT raised its position in Luna Innovations Incorporated (NASDAQ:LUNA) by 61.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,740 shares of the scientific and technical instruments company’s stock after buying an additional 55,740 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 0.43% of Luna Innovations worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in shares of Luna Innovations by 60.6% in the 1st quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock valued at $6,484,000 after purchasing an additional 763,165 shares during the last quarter. BNP Paribas Financial Markets grew its position in Luna Innovations by 672.6% in the first quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock valued at $223,000 after acquiring an additional 60,547 shares during the last quarter. Avenir Corp raised its stake in Luna Innovations by 35.3% during the fourth quarter. Avenir Corp now owns 221,180 shares of the scientific and technical instruments company’s stock worth $1,471,000 after acquiring an additional 57,700 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Luna Innovations during the second quarter worth about $107,000. Finally, Alpine Global Management LLC bought a new position in shares of Luna Innovations in the first quarter worth about $75,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.

Luna Innovations Stock Up 3.4 %

NASDAQ LUNA opened at $2.27 on Friday. The company has a market cap of $76.92 million, a price-to-earnings ratio of -28.31 and a beta of 1.58. Luna Innovations Incorporated has a twelve month low of $1.91 and a twelve month high of $7.92. The business’s fifty day moving average is $2.54 and its 200 day moving average is $3.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Luna Innovations in a research report on Friday, September 13th. They set a “sell” rating for the company.

About Luna Innovations

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.