Virtu Financial LLC Acquires New Stake in Luna Innovations Incorporated (NASDAQ:LUNA)

Virtu Financial LLC bought a new stake in Luna Innovations Incorporated (NASDAQ:LUNA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,033 shares of the scientific and technical instruments company’s stock, valued at approximately $78,000. Virtu Financial LLC owned about 0.11% of Luna Innovations at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC purchased a new stake in shares of Luna Innovations during the fourth quarter worth about $43,000. XTX Topco Ltd purchased a new stake in Luna Innovations in the 3rd quarter worth approximately $55,000. Raymond James Financial Inc. acquired a new position in Luna Innovations in the 4th quarter valued at $57,000. Finally, Needham Investment Management LLC lifted its stake in shares of Luna Innovations by 150.0% during the 3rd quarter. Needham Investment Management LLC now owns 1,000,000 shares of the scientific and technical instruments company’s stock worth $2,350,000 after purchasing an additional 600,000 shares during the period. 87.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Luna Innovations in a research note on Tuesday. They issued a “sell” rating for the company.

Luna Innovations Price Performance

LUNA opened at $0.68 on Tuesday. Luna Innovations Incorporated has a 1 year low of $0.62 and a 1 year high of $3.89. The company’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $1.41.

Luna Innovations Company Profile

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.