188,413 Shares in nLIGHT, Inc. (NASDAQ:LASR) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in nLIGHT, Inc. (NASDAQ:LASR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 188,413 shares of the company’s stock, valued at approximately $1,976,000.

Other large investors have also bought and sold shares of the company. Harvey Partners LLC raised its holdings in shares of nLIGHT by 56.5% in the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock valued at $18,547,000 after purchasing an additional 626,500 shares during the last quarter. Stephens Investment Management Group LLC grew its position in nLIGHT by 20.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock worth $9,932,000 after purchasing an additional 162,903 shares in the last quarter. Needham Investment Management LLC increased its stake in nLIGHT by 7.1% in the 3rd quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock valued at $24,990,000 after buying an additional 155,000 shares during the last quarter. Jane Street Group LLC lifted its position in shares of nLIGHT by 98.2% during the 3rd quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock worth $1,482,000 after buying an additional 68,682 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of nLIGHT by 317.7% in the 3rd quarter. Barclays PLC now owns 70,599 shares of the company’s stock worth $755,000 after buying an additional 53,699 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the transaction, the chief executive officer now owns 1,267,927 shares in the company, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on LASR shares. Stifel Nicolaus decreased their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC decreased their target price on nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st.

nLIGHT Stock Down 2.3 %

Shares of LASR stock opened at $7.77 on Tuesday. The firm has a market cap of $380.97 million, a P/E ratio of -7.54 and a beta of 2.29. The company has a 50 day moving average of $9.88 and a 200-day moving average of $10.62. nLIGHT, Inc. has a 12-month low of $7.59 and a 12-month high of $14.73.

nLIGHT (NASDAQ:LASR) last released its earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $47.38 million during the quarter, compared to analysts’ expectations of $46.62 million. As a group, equities analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current year.

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.