nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,126,972 shares of the company's stock after selling 36,422 shares during the quarter. Dimensional Fund Advisors LP owned 2.33% of nLIGHT worth $11,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Senvest Management LLC lifted its stake in nLIGHT by 114.1% during the fourth quarter. Senvest Management LLC now owns 2,481,677 shares of the company's stock worth $26,033,000 after purchasing an additional 1,322,637 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of nLIGHT during the 4th quarter valued at $5,270,000. Raymond James Financial Inc. acquired a new stake in shares of nLIGHT during the 4th quarter valued at about $1,976,000. Stephens Investment Management Group LLC grew its position in shares of nLIGHT by 20.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company's stock worth $9,932,000 after buying an additional 162,903 shares during the period. Finally, Royce & Associates LP boosted its holdings in nLIGHT by 5.3% during the fourth quarter. Royce & Associates LP now owns 2,877,759 shares of the company's stock worth $30,188,000 after purchasing an additional 144,283 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company's stock.

nLIGHT Trading Up 6.2%

Shares of LASR stock traded up $0.78 on Tuesday, hitting $13.26. 776,174 shares of the stock were exchanged, compared to its average volume of 337,975. The firm has a market capitalization of $655.56 million, a P/E ratio of -12.87 and a beta of 2.02. The business has a 50-day moving average of $8.14 and a 200 day moving average of $9.94. nLIGHT, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $14.73.

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

Insider Buying and Selling at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LASR has been the subject of several research reports. Craig Hallum raised shares of nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a research report on Friday. Needham & Company LLC lowered their price objective on nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price objective on nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $14.90.

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.