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

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

A number of other hedge funds have also modified their holdings of LASR. Vanguard Group Inc. boosted its position in shares of nLIGHT by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,995,388 shares of the company’s stock worth $51,952,000 after purchasing an additional 58,689 shares during the period. SG Americas Securities LLC boosted its position in shares of nLIGHT by 25.9% in the fourth quarter. SG Americas Securities LLC now owns 24,799 shares of the company’s stock worth $335,000 after purchasing an additional 5,096 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of nLIGHT by 18.0% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,693,821 shares of the company’s stock worth $22,867,000 after purchasing an additional 258,199 shares during the period. International Assets Investment Management LLC boosted its position in shares of nLIGHT by 1,212.0% in the fourth quarter. International Assets Investment Management LLC now owns 13,500 shares of the company’s stock worth $182,000 after purchasing an additional 12,471 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of nLIGHT by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 60,500 shares of the company’s stock worth $817,000 after acquiring an additional 4,500 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Insider Activity at nLIGHT

In related news, CFO Joseph John Corso sold 2,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $13.29, for a total transaction of $33,225.00. Following the sale, the chief financial officer now owns 191,578 shares of the company’s stock, valued at $2,546,071.62. The transaction was disclosed in a legal 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 on Thursday, May 16th. The shares were sold at an average price of $13.14, for a total value of $509,779.44. Following the sale, the director now owns 71,186 shares of the company’s stock, valued at $935,384.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $13.29, for a total transaction of $33,225.00. Following the completion of the sale, the chief financial officer now directly owns 191,578 shares in the company, valued at approximately $2,546,071.62. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LASR has been the subject of a number of research reports. Needham & Company LLC dropped their target price on shares of nLIGHT from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Benchmark restated a “speculative buy” rating and set a $17.00 target price on shares of nLIGHT in a research report on Friday, May 3rd.

nLIGHT Trading Up 1.7 %

Shares of NASDAQ:LASR traded up $0.20 during midday trading on Friday, reaching $12.28. 196,026 shares of the company were exchanged, compared to its average volume of 269,051. The business’s fifty day moving average is $12.08 and its two-hundred day moving average is $12.52. nLIGHT, Inc. has a one year low of $8.13 and a one year high of $15.00. The stock has a market cap of $584.04 million, a PE ratio of -12.04 and a beta of 2.39.

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