Luna Innovations Incorporated (NASDAQ:LUNA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 966,411 shares of the scientific and technical instruments company’s stock after selling 155,070 shares during the quarter. Dimensional Fund Advisors LP owned 2.85% of Luna Innovations worth $3,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LUNA. Wasatch Advisors LP increased its stake in Luna Innovations by 60.6% during the 1st quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock worth $6,484,000 after buying an additional 763,165 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Luna Innovations by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company’s stock worth $5,919,000 after buying an additional 16,773 shares during the period. BNP Paribas Financial Markets boosted its stake in Luna Innovations by 672.6% in the 1st quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock worth $223,000 after purchasing an additional 60,547 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Luna Innovations during the second quarter valued at $107,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Luna Innovations during the first quarter worth approximately $75,000. Hedge funds and other institutional investors own 87.46% of the company’s stock.

Luna Innovations Stock Down 8.7 %

NASDAQ LUNA opened at $1.74 on Friday. The company’s 50-day simple moving average is $2.32 and its 200 day simple moving average is $2.75. The stock has a market cap of $59.09 million, a P/E ratio of -22.84 and a beta of 1.58. Luna Innovations Incorporated has a twelve month low of $1.72 and a twelve month high of $7.92.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Luna Innovations in a report on Monday. They set a “sell” rating on the stock.

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.