EntryPoint Capital LLC Sells 2,511 Shares of nLIGHT, Inc. (NASDAQ:LASR)

EntryPoint Capital LLC lessened its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,951 shares of the company’s stock after selling 2,511 shares during the period. EntryPoint Capital LLC owned approximately 0.06% of nLIGHT worth $293,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LASR. Picton Mahoney Asset Management increased its holdings in shares of nLIGHT by 47.4% in the 4th quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company’s stock worth $30,000 after buying an additional 935 shares during the last quarter. Swiss National Bank increased its stake in nLIGHT by 1.9% during the fourth quarter. Swiss National Bank now owns 90,000 shares of the company’s stock worth $944,000 after acquiring an additional 1,700 shares during the last quarter. Quantbot Technologies LP raised its position in nLIGHT by 17.6% during the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock valued at $124,000 after purchasing an additional 1,772 shares during the period. Sei Investments Co. lifted its stake in shares of nLIGHT by 4.3% in the 4th quarter. Sei Investments Co. now owns 44,691 shares of the company’s stock valued at $469,000 after purchasing an additional 1,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of nLIGHT by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 388,684 shares of the company’s stock valued at $4,077,000 after purchasing an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

nLIGHT Stock Down 2.1 %

Shares of nLIGHT stock opened at $8.27 on Friday. The stock’s fifty day moving average is $10.01 and its two-hundred day moving average is $10.65. nLIGHT, Inc. has a 52 week low of $7.94 and a 52 week high of $14.73. The company has a market capitalization of $405.49 million, a PE ratio of -8.03 and a beta of 2.29.

nLIGHT (NASDAQ:LASR) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21). The firm had revenue of $47.38 million during the quarter, compared to analysts’ expectations of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. As a group, research analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on LASR shares. Stifel Nicolaus decreased their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC lowered their target price on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 21st.

Insider Buying and Selling

In related news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total transaction of $437,184.87. Following the transaction, the chief executive officer now directly owns 1,267,927 shares of the company’s stock, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is owned by insiders.

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.