Dimensional Fund Advisors LP Acquires 47,267 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Dimensional Fund Advisors LP lifted its stake in nLIGHT, Inc. (NASDAQ:LASR) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,147,845 shares of the company’s stock after buying an additional 47,267 shares during the period. Dimensional Fund Advisors LP owned approximately 2.41% of nLIGHT worth $12,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LASR. ProShare Advisors LLC lifted its position in shares of nLIGHT by 15.0% during the 1st quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock valued at $150,000 after acquiring an additional 1,503 shares during the period. Price T Rowe Associates Inc. MD raised its stake in nLIGHT by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after purchasing an additional 1,886 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in nLIGHT by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company’s stock worth $181,000 after purchasing an additional 1,220 shares during the period. Quest Partners LLC lifted its position in nLIGHT by 15,830.4% during the second quarter. Quest Partners LLC now owns 21,984 shares of the company’s stock worth $240,000 after purchasing an additional 21,846 shares during the period. Finally, EntryPoint Capital LLC grew its stake in nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company’s stock worth $269,000 after buying an additional 17,159 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLIGHT Trading Up 2.5 %

LASR stock opened at $11.03 on Friday. The firm has a 50-day moving average price of $11.07 and a 200-day moving average price of $11.78. nLIGHT, Inc. has a 12 month low of $8.13 and a 12 month high of $15.00. The stock has a market capitalization of $524.64 million, a P/E ratio of -10.81 and a beta of 2.35.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The business had revenue of $50.51 million during the quarter, compared to the consensus estimate of $49.23 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that nLIGHT, Inc. will post -0.96 EPS for the current fiscal year.

Insider Activity

In related news, CFO Joseph John Corso sold 4,461 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now owns 171,434 shares of the company’s stock, valued at $1,961,204.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 restated a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald assumed coverage on nLIGHT in a report on Thursday. They issued an “overweight” rating and a $15.50 target price on the stock.

About nLIGHT

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.