nLIGHT, Inc. (NASDAQ:LASR) Shares Purchased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC boosted its stake in nLIGHT, Inc. (NASDAQ:LASR) by 26.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,905 shares of the company’s stock after acquiring an additional 6,421 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in nLIGHT were worth $324,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in nLIGHT in the 4th quarter valued at $33,000. Point72 DIFC Ltd grew its stake in nLIGHT by 1,637.2% in the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock valued at $44,000 after acquiring an additional 3,913 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in nLIGHT in the 3rd quarter valued at $50,000. Quantbot Technologies LP grew its stake in nLIGHT by 25.5% in the 3rd quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock valued at $108,000 after acquiring an additional 2,052 shares during the period. Finally, Moody National Bank Trust Division acquired a new stake in nLIGHT in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 83.88% of the company’s stock.

Insider Transactions at nLIGHT

In other news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the transaction, the chief executive officer now owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 83,024 shares of company stock worth $747,784 in the last quarter. Company insiders own 6.10% of the company’s stock.

nLIGHT Stock Performance

Shares of LASR stock opened at $9.06 on Tuesday. The stock’s fifty day moving average is $10.56 and its two-hundred day moving average is $10.90. The firm has a market capitalization of $444.22 million, a P/E ratio of -8.80 and a beta of 2.29. nLIGHT, Inc. has a fifty-two week low of $7.94 and a fifty-two week high of $14.73.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The company had revenue of $47.38 million for the quarter, compared to analysts’ expectations of $46.62 million. On average, equities analysts forecast that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on LASR. Needham & Company LLC decreased their price objective on nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th.

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.