Virtu Financial LLC Makes New Investment in Luna Innovations Incorporated (NASDAQ:LUNA)

Virtu Financial LLC acquired a new stake in Luna Innovations Incorporated (NASDAQ:LUNA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,033 shares of the scientific and technical instruments company’s stock, valued at approximately $78,000.

Other institutional investors have also modified their holdings of the company. Needham Investment Management LLC lifted its position in Luna Innovations by 150.0% during the third quarter. Needham Investment Management LLC now owns 1,000,000 shares of the scientific and technical instruments company’s stock valued at $2,350,000 after buying an additional 600,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Luna Innovations in the 4th quarter valued at $57,000. XTX Topco Ltd acquired a new position in shares of Luna Innovations during the 3rd quarter valued at $55,000. Finally, Founders Financial Alliance LLC purchased a new stake in Luna Innovations during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 87.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Luna Innovations in a research report on Tuesday. They issued a “sell” rating on the stock.

Luna Innovations Stock Performance

NASDAQ LUNA opened at $0.68 on Tuesday. The business has a 50 day moving average price of $0.81 and a two-hundred day moving average price of $1.41. Luna Innovations Incorporated has a fifty-two week low of $0.62 and a fifty-two week high of $3.89.

Luna Innovations Company Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.