Royce & Associates LP Acquires 227,580 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Royce & Associates LP grew its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,733,476 shares of the company’s stock after buying an additional 227,580 shares during the quarter. Royce & Associates LP owned 5.68% of nLIGHT worth $29,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of nLIGHT by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock valued at $65,855,000 after buying an additional 23,697 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of nLIGHT by 18.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock valued at $22,087,000 after buying an additional 309,634 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of nLIGHT by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company’s stock valued at $21,538,000 after buying an additional 12,014 shares during the period. Divisar Capital Management LLC lifted its holdings in shares of nLIGHT by 9.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after buying an additional 133,023 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of nLIGHT by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company’s stock valued at $12,547,000 after buying an additional 47,267 shares during the period. 83.88% of the stock is owned by institutional investors.

Insider Transactions at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of the 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 completion of the sale, the chief executive officer now owns 1,347,781 shares in the company, valued at approximately $14,973,846.91. This represents a 1.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph John Corso sold 4,461 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the sale, the chief financial officer now owns 171,434 shares of the company’s stock, valued at $1,961,204.96. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,461 shares of company stock worth $591,634 in the last three months. Corporate insiders own 6.10% of the company’s stock.

nLIGHT Price Performance

NASDAQ:LASR opened at $10.26 on Friday. The firm has a market capitalization of $496.89 million, a price-to-earnings ratio of -9.96 and a beta of 2.33. nLIGHT, Inc. has a one year low of $9.80 and a one year high of $15.00. The business has a fifty day moving average price of $11.20 and a 200-day moving average price of $11.68.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LASR shares. Needham & Company LLC increased their price target on nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald began coverage on nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price objective for the company. Finally, Benchmark restated a “speculative buy” rating and issued a $17.00 price objective on shares of nLIGHT in a research note on Friday, August 2nd.

nLIGHT Company Profile

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.