Franklin Resources Inc. Has $674,000 Stake in nLIGHT, Inc. (NASDAQ:LASR)

Franklin Resources Inc. raised its stake in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 145.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,295 shares of the company's stock after buying an additional 38,050 shares during the period. Franklin Resources Inc. owned 0.13% of nLIGHT worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its holdings in shares of nLIGHT by 47.4% during the 4th quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock valued at $30,000 after acquiring an additional 935 shares during the last quarter. R Squared Ltd bought a new position in nLIGHT in the 4th quarter worth $33,000. KLP Kapitalforvaltning AS bought a new position in shares of nLIGHT in the fourth quarter worth about $102,000. Moody National Bank Trust Division acquired a new position in shares of nLIGHT during the 4th quarter worth about $115,000. Finally, Quantbot Technologies LP grew its holdings in nLIGHT by 17.6% in the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock valued at $124,000 after buying an additional 1,772 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company's stock.

nLIGHT Stock Up 1.6 %

NASDAQ:LASR traded up $0.11 during trading hours on Tuesday, reaching $7.18. The company had a trading volume of 209,804 shares, compared to its average volume of 325,674. The stock has a 50-day moving average of $8.44 and a two-hundred day moving average of $10.18. nLIGHT, Inc. has a one year low of $6.20 and a one year high of $14.73. The firm has a market capitalization of $352.04 million, a PE ratio of -6.97 and a beta of 2.24.

nLIGHT (NASDAQ:LASR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.21). The firm had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. As a group, sell-side analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Insider Buying and Selling

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the transaction, the chief executive officer now owns 1,267,927 shares of the company's stock, valued at approximately $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC cut their target price on nLIGHT from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st.

nLIGHT Company 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.