nLIGHT, Inc. (NASDAQ:LASR) Stock Position Raised by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 969.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,690 shares of the company’s stock after acquiring an additional 9,690 shares during the period. International Assets Investment Management LLC’s holdings in nLIGHT were worth $114,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LASR. Divisar Capital Management LLC boosted its holdings in shares of nLIGHT by 9.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock worth $16,897,000 after buying an additional 133,023 shares during the period. GSA Capital Partners LLP grew its position in nLIGHT by 112.0% in the first quarter. GSA Capital Partners LLP now owns 65,952 shares of the company’s stock valued at $857,000 after acquiring an additional 34,844 shares during the period. Vanguard Group Inc. increased its position in shares of nLIGHT by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock worth $65,855,000 after purchasing an additional 23,697 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of nLIGHT by 15.0% during the first quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $150,000 after buying an additional 1,503 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of nLIGHT by 79.1% in the first quarter. BNP Paribas Financial Markets now owns 21,812 shares of the company’s stock valued at $284,000 after acquiring an additional 9,635 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

nLIGHT Trading Up 4.4 %

nLIGHT stock opened at $14.68 on Friday. nLIGHT, Inc. has a 1 year low of $9.24 and a 1 year high of $15.00. The company has a market cap of $706.55 million, a PE ratio of -13.59 and a beta of 2.33. The company’s 50-day moving average is $11.26 and its two-hundred day moving average is $11.70.

Analyst Ratings Changes

LASR has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of nLIGHT in a report on Monday, August 5th. Benchmark reaffirmed a “speculative buy” rating and issued a $17.00 price target on shares of nLIGHT in a report on Friday, August 2nd. Finally, Cantor Fitzgerald began coverage on shares of nLIGHT in a report on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price objective on the stock.

Insider Buying and Selling at nLIGHT

In related news, CFO Joseph John Corso sold 4,461 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the sale, the chief financial officer now owns 171,434 shares in the company, valued at approximately $1,961,204.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $11.11, for a total transaction of $166,650.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at $14,973,846.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph John Corso sold 4,461 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total transaction of $51,033.84. Following the completion of the sale, the chief financial officer now directly owns 171,434 shares in the company, valued at $1,961,204.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,461 shares of company stock worth $591,634. Insiders own 6.10% of the company’s stock.

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.