SG Americas Securities LLC Has $210,000 Position in nLIGHT, Inc. (NASDAQ:LASR)

SG Americas Securities LLC grew its stake in nLIGHT, Inc. (NASDAQ:LASR) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,022 shares of the company’s stock after buying an additional 3,250 shares during the period. SG Americas Securities LLC’s holdings in nLIGHT were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LASR. Harvey Partners LLC raised its position in shares of nLIGHT by 56.5% in the 3rd quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock worth $18,547,000 after acquiring an additional 626,500 shares in the last quarter. Royce & Associates LP grew its stake in nLIGHT by 9.1% during the third quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock worth $29,221,000 after purchasing an additional 227,580 shares during the period. Needham Investment Management LLC increased its holdings in nLIGHT by 7.1% in the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock worth $24,990,000 after purchasing an additional 155,000 shares in the last quarter. Fisher Asset Management LLC acquired a new position in nLIGHT in the third quarter valued at approximately $1,342,000. Finally, Jane Street Group LLC boosted its holdings in shares of nLIGHT by 98.2% during the 3rd quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock worth $1,482,000 after buying an additional 68,682 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LASR shares. Needham & Company LLC lowered their price objective on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price target on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

nLIGHT Stock Down 3.7 %

NASDAQ LASR opened at $10.83 on Friday. nLIGHT, Inc. has a 52 week low of $9.15 and a 52 week high of $14.75. The business has a 50 day moving average price of $10.90 and a 200-day moving average price of $11.14. The company has a market cap of $524.49 million, a price-to-earnings ratio of -10.51 and a beta of 2.18.

nLIGHT (NASDAQ:LASR) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The business had revenue of $56.13 million for the quarter, compared to the consensus estimate of $55.71 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. During the same quarter last year, the firm posted ($0.24) EPS. On average, equities research analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Insider Transactions at nLIGHT

In related news, CFO Joseph John Corso sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the transaction, the chief financial officer now owns 155,129 shares in the company, valued at approximately $1,694,008.68. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott H. Keeney sold 12,013 shares of nLIGHT stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total value of $119,649.48. Following the completion of the sale, the chief executive officer now directly owns 1,340,146 shares of the company’s stock, valued at approximately $13,347,854.16. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,019 shares of company stock valued at $486,615 over the last three months. Corporate 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.