International Assets Investment Management LLC lifted its position in nLIGHT, Inc. (NASDAQ:LASR – Free Report) by 1,212.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the company’s stock after acquiring an additional 12,471 shares during the period. International Assets Investment Management LLC’s holdings in nLIGHT were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in LASR. SG Americas Securities LLC acquired a new stake in nLIGHT during the 3rd quarter worth about $205,000. Raymond James & Associates grew its position in nLIGHT by 21.5% during the 3rd quarter. Raymond James & Associates now owns 170,234 shares of the company’s stock worth $1,770,000 after purchasing an additional 30,135 shares during the period. Bank of New York Mellon Corp grew its position in nLIGHT by 12.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,357,028 shares of the company’s stock worth $24,513,000 after purchasing an additional 269,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in nLIGHT by 91.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,732 shares of the company’s stock worth $91,000 after purchasing an additional 4,174 shares during the period. Finally, Cable Hill Partners LLC acquired a new stake in nLIGHT during the 3rd quarter worth about $123,000. 83.88% of the stock is owned by institutional investors and hedge funds.
nLIGHT Stock Up 2.5 %
LASR stock opened at $11.56 on Monday. The company’s 50-day simple moving average is $12.44 and its 200-day simple moving average is $12.24. nLIGHT, Inc. has a 52-week low of $8.13 and a 52-week high of $15.91. The firm has a market cap of $546.67 million, a P/E ratio of -12.84 and a beta of 2.43.
Insider Buying and Selling at nLIGHT
In other nLIGHT news, CFO Joseph John Corso sold 14,105 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.26, for a total value of $172,927.30. Following the completion of the sale, the chief financial officer now owns 146,601 shares in the company, valued at approximately $1,797,328.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is owned by insiders.
nLIGHT 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.
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