Stifel Financial Corp Has $1.54 Million Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

Stifel Financial Corp boosted its stake in shares of nLIGHT, Inc. (NASDAQ:LASR) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,744 shares of the company’s stock after buying an additional 5,909 shares during the period. Stifel Financial Corp owned about 0.30% of nLIGHT worth $1,537,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LASR. The Manufacturers Life Insurance Company increased its stake in nLIGHT by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,681 shares of the company’s stock valued at $204,000 after buying an additional 1,546 shares during the period. Quantbot Technologies LP raised its holdings in shares of nLIGHT by 25.5% during the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock worth $108,000 after acquiring an additional 2,052 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of nLIGHT by 6.7% during the 2nd quarter. Squarepoint Ops LLC now owns 52,823 shares of the company’s stock valued at $577,000 after buying an additional 3,332 shares during the last quarter. Sei Investments Co. lifted its stake in nLIGHT by 3.3% in the second quarter. Sei Investments Co. now owns 108,376 shares of the company’s stock valued at $1,185,000 after acquiring an additional 3,436 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in nLIGHT by 500.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock worth $45,000 after purchasing an additional 3,500 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLIGHT Stock Performance

Shares of LASR opened at $10.09 on Friday. The company has a market cap of $488.65 million, a price-to-earnings ratio of -9.80 and a beta of 2.20. The stock has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $11.34. nLIGHT, Inc. has a 52-week low of $9.64 and a 52-week high of $14.75.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target for the company.

Insider Activity

In other nLIGHT news, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction 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 directly owns 155,129 shares in the company, valued at approximately $1,694,008.68. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott H. Keeney sold 15,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $11.11, for a total value of $166,650.00. Following the sale, the chief executive officer now owns 1,347,781 shares of the company’s stock, valued at approximately $14,973,846.91. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,006 shares of company stock worth $907,566. 6.10% of the stock is owned by corporate insiders.

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.