Senvest Management LLC Has $15.62 Million Position in nLIGHT, Inc. (NASDAQ:LASR)

Senvest Management LLC boosted its stake in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,156,740 shares of the company's stock after purchasing an additional 198,609 shares during the period. nLIGHT makes up about 0.6% of Senvest Management LLC's investment portfolio, making the stock its 29th biggest holding. Senvest Management LLC owned approximately 2.48% of nLIGHT worth $15,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in nLIGHT by 12.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,357,028 shares of the company's stock valued at $24,513,000 after buying an additional 269,000 shares during the last quarter. Acadian Asset Management LLC boosted its position in nLIGHT by 1,251.2% in the 3rd quarter. Acadian Asset Management LLC now owns 250,373 shares of the company's stock valued at $2,601,000 after buying an additional 231,844 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in nLIGHT in the 3rd quarter valued at about $131,000. Versor Investments LP purchased a new position in nLIGHT in the 3rd quarter valued at about $132,000. Finally, SG Americas Securities LLC purchased a new position in nLIGHT in the 3rd quarter valued at about $205,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.

nLIGHT Trading Up 1.0 %

NASDAQ:LASR traded up $0.12 on Friday, reaching $12.45. The stock had a trading volume of 139,255 shares, compared to its average volume of 156,526. The company has a 50-day moving average of $13.08 and a 200 day moving average of $12.09. The stock has a market cap of $588.75 million, a P/E ratio of -13.83 and a beta of 2.43. nLIGHT, Inc. has a 12-month low of $8.13 and a 12-month high of $15.91.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.02. nLIGHT had a negative net margin of 19.85% and a negative return on equity of 15.03%. The business had revenue of $51.89 million for the quarter, compared to analysts' expectations of $48.08 million. On average, equities analysts predict that nLIGHT, Inc. will post -0.93 EPS for the current year.

Insider Transactions at nLIGHT

In other news, CFO Joseph John Corso sold 14,105 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.26, for a total transaction of $172,927.30. Following the transaction, the chief financial officer now owns 146,601 shares of the company's stock, valued at $1,797,328.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% 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.