AMH Equity Ltd acquired a new stake in nLight (NASDAQ:LASR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,917 shares of the company's stock, valued at approximately $932,000. nLight accounts for about 1.4% of AMH Equity Ltd's holdings, making the stock its 25th biggest position. AMH Equity Ltd owned about 0.24% of nLight at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Senvest Management LLC lifted its holdings in nLight by 114.1% in the 4th quarter. Senvest Management LLC now owns 2,481,677 shares of the company's stock valued at $26,033,000 after acquiring an additional 1,322,637 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock worth $9,383,000 after buying an additional 705,215 shares during the period. Needham Investment Management LLC increased its position in shares of nLight by 13.4% in the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock worth $27,821,000 after acquiring an additional 314,375 shares in the last quarter. Polar Capital Holdings Plc acquired a new stake in shares of nLight during the fourth quarter valued at approximately $2,259,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of nLight in the 4th quarter valued at approximately $1,976,000. Institutional investors own 83.88% of the company's stock.
Insider Buying and Selling
In other nLight news, CEO Scott H. Keeney sold 33,682 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $19.53, for a total value of $657,809.46. Following the completion of the sale, the chief executive officer owned 1,206,540 shares in the company, valued at approximately $23,563,726.20. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph John Corso sold 10,062 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $17.62, for a total transaction of $177,292.44. Following the completion of the transaction, the chief financial officer owned 166,362 shares of the company's stock, valued at $2,931,298.44. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,915 shares of company stock worth $3,445,301. 4.70% of the stock is owned by corporate insiders.
nLight Stock Performance
LASR traded up $0.80 on Friday, hitting $19.96. 444,018 shares of the stock traded hands, compared to its average volume of 450,653. The business has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $12.00. The company has a current ratio of 5.81, a quick ratio of 4.63 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $986.82 million, a PE ratio of -17.66 and a beta of 2.33. nLight has a 52 week low of $6.20 and a 52 week high of $20.17.
nLight (NASDAQ:LASR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.13. nLight had a negative net margin of 26.80% and a negative return on equity of 22.23%. The business had revenue of $51.67 million for the quarter, compared to analyst estimates of $47.77 million. During the same period in the previous year, the business earned ($0.17) EPS. The firm's revenue was up 16.2% on a year-over-year basis. On average, research analysts predict that nLight will post -1.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Needham & Company LLC increased their price target on shares of nLight from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Craig Hallum restated a "buy" rating and set a $24.00 price target (up from $14.00) on shares of nLight in a report on Thursday, June 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $17.70.
View Our Latest Stock Report on nLight
nLight Company Profile
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Free Report)
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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