Keeley Teton Advisors LLC Purchases 11,437 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Keeley Teton Advisors LLC grew its stake in nLIGHT, Inc. (NASDAQ:LASR) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,788 shares of the company’s stock after purchasing an additional 11,437 shares during the period. Keeley Teton Advisors LLC owned approximately 0.16% of nLIGHT worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LASR. Pinnacle Associates Ltd. grew its stake in shares of nLIGHT by 18.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,693,821 shares of the company’s stock valued at $22,867,000 after purchasing an additional 258,199 shares during the period. Senvest Management LLC boosted its holdings in shares of nLIGHT by 20.7% in the 4th quarter. Senvest Management LLC now owns 1,156,740 shares of the company’s stock worth $15,616,000 after acquiring an additional 198,609 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of nLIGHT by 17.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,044,766 shares of the company’s stock worth $14,104,000 after acquiring an additional 154,273 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of nLIGHT in the 4th quarter worth approximately $1,139,000. Finally, Vanguard Group Inc. boosted its holdings in shares of nLIGHT by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,995,388 shares of the company’s stock worth $51,952,000 after acquiring an additional 58,689 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other nLIGHT news, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $13.29, for a total transaction of $33,225.00. Following the completion of the transaction, the chief financial officer now owns 191,578 shares in the company, valued at approximately $2,546,071.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Geoffrey Moore sold 38,796 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $13.14, for a total transaction of $509,779.44. Following the completion of the transaction, the director now directly owns 71,186 shares in the company, valued at approximately $935,384.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $13.29, for a total transaction of $33,225.00. Following the transaction, the chief financial officer now owns 191,578 shares of the company’s stock, valued at $2,546,071.62. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC reduced their target price on nLIGHT from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Benchmark reissued a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a report on Friday, May 3rd.

nLIGHT Stock Up 1.7 %

Shares of LASR traded up $0.20 during trading hours on Friday, reaching $12.28. The stock had a trading volume of 196,026 shares, compared to its average volume of 269,051. nLIGHT, Inc. has a 52 week low of $8.13 and a 52 week high of $15.00. The firm has a 50-day moving average of $12.08 and a 200 day moving average of $12.52. The company has a market cap of $584.04 million, a P/E ratio of -12.04 and a beta of 2.39.

nLIGHT (NASDAQ:LASR) last released its earnings results on Thursday, May 2nd. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.01. The firm had revenue of $44.53 million during the quarter, compared to analysts’ expectations of $44.35 million. nLIGHT had a negative return on equity of 17.86% and a negative net margin of 23.81%. As a group, equities analysts expect that nLIGHT, Inc. will post -0.89 earnings per share for the current year.

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.