Graham Capital Management L.P. Buys Shares of 35,451 nLIGHT, Inc. (NASDAQ:LASR)

Graham Capital Management L.P. bought a new stake in nLIGHT, Inc. (NASDAQ:LASR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,451 shares of the company's stock, valued at approximately $372,000. Graham Capital Management L.P. owned approximately 0.07% of nLIGHT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in nLIGHT by 19.4% in the fourth quarter. SG Americas Securities LLC now owns 20,022 shares of the company's stock valued at $210,000 after buying an additional 3,250 shares during the last quarter. R Squared Ltd acquired a new position in shares of nLIGHT in the 4th quarter worth approximately $33,000. Stephens Investment Management Group LLC increased its holdings in shares of nLIGHT by 20.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company's stock valued at $9,932,000 after acquiring an additional 162,903 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of nLIGHT by 21.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 263,055 shares of the company's stock valued at $2,759,000 after acquiring an additional 46,596 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of nLIGHT during the 4th quarter valued at approximately $237,000. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum raised shares of nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Friday, May 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $14.90.

nLIGHT Trading Up 1.4%

LASR traded up $0.19 on Thursday, hitting $13.64. 82,964 shares of the company's stock were exchanged, compared to its average volume of 350,106. The stock has a fifty day moving average of $8.71 and a two-hundred day moving average of $9.99. nLIGHT, Inc. has a twelve month low of $6.20 and a twelve month high of $14.73. The firm has a market cap of $674.15 million, a PE ratio of -13.20 and a beta of 2.02.

nLIGHT (NASDAQ:LASR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.13. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The firm had revenue of $51.67 million during the quarter, compared to analysts' expectations of $47.77 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. nLIGHT's quarterly revenue was up 16.2% on a year-over-year basis. On average, analysts predict that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now owns 1,267,927 shares of the company's stock, valued at $10,358,963.59. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.70% of the company's stock.

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.