Segall Bryant & Hamill LLC Purchases 705,215 Shares of nLight (NASDAQ:LASR)

Segall Bryant & Hamill LLC increased its holdings in nLight (NASDAQ:LASR - Free Report) by 140.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207,580 shares of the company's stock after acquiring an additional 705,215 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.46% of nLight worth $9,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LASR. GAMMA Investing LLC increased its position in nLight by 6,563.0% during the first quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after buying an additional 4,791 shares during the period. Russell Investments Group Ltd. lifted its position in shares of nLight by 3,951.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company's stock worth $39,000 after acquiring an additional 3,596 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of nLight in the 4th quarter valued at $102,000. Quantbot Technologies LP grew its stake in nLight by 17.6% in the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock valued at $124,000 after acquiring an additional 1,772 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of nLight by 56.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,042 shares of the company's stock valued at $147,000 after buying an additional 5,049 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

nLight Stock Down 1.5%

LASR stock opened at $19.16 on Friday. The business's fifty day moving average price is $16.93 and its two-hundred day moving average price is $11.92. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $20.17. The stock has a market capitalization of $947.27 million, a price-to-earnings ratio of -16.96 and a beta of 2.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.63.

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 return on equity of 22.23% and a negative net margin of 26.80%. The company had revenue of $51.67 million during the quarter, compared to analysts' expectations of $47.77 million. During the same period in the prior year, the business posted ($0.17) EPS. nLight's quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that nLight will post -1.1 earnings per share for the current year.

Insider Buying and Selling

In other nLight news, CFO Joseph John Corso sold 10,062 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $17.62, for a total value of $177,292.44. Following the transaction, the chief financial officer owned 166,362 shares in the company, valued at approximately $2,931,298.44. This represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott H. Keeney sold 75,000 shares of nLight stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $15.33, for a total transaction of $1,149,750.00. Following the sale, the chief executive officer owned 1,342,927 shares of the company's stock, valued at approximately $20,587,070.91. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,915 shares of company stock worth $3,445,301 over the last quarter. 4.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on LASR. Craig Hallum reaffirmed a "buy" rating and issued a $24.00 target price (up from $14.00) on shares of nLight in a research report on Thursday, June 26th. Needham & Company LLC upped their target price on shares of nLight from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $17.70.

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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