GSA Capital Partners LLP Takes $144,000 Position in Luna Innovations Incorporated (NASDAQ:LUNA)

GSA Capital Partners LLP bought a new position in Luna Innovations Incorporated (NASDAQ:LUNA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,460 shares of the scientific and technical instruments company’s stock, valued at approximately $144,000. GSA Capital Partners LLP owned about 0.18% of Luna Innovations at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hodges Capital Management Inc. bought a new stake in Luna Innovations during the 2nd quarter worth $33,000. Malaga Cove Capital LLC bought a new stake in shares of Luna Innovations during the third quarter worth about $25,000. AQR Capital Management LLC acquired a new position in shares of Luna Innovations in the second quarter valued at approximately $37,000. Point72 DIFC Ltd bought a new position in Luna Innovations in the 2nd quarter valued at approximately $39,000. Finally, Summit Securities Group LLC acquired a new stake in Luna Innovations during the 2nd quarter worth approximately $45,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.

Luna Innovations Trading Up 1.1 %

Shares of LUNA opened at $1.88 on Tuesday. The stock’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $2.51. Luna Innovations Incorporated has a 12 month low of $1.43 and a 12 month high of $7.92. The company has a market capitalization of $63.84 million, a PE ratio of -23.50 and a beta of 1.63.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Luna Innovations in a research report on Sunday. They issued a “sell” rating for the company.

Luna Innovations 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.