Royce & Associates LP Increases Stock Position in Luna Innovations Incorporated (NASDAQ:LUNA)

Royce & Associates LP raised its holdings in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,797,038 shares of the scientific and technical instruments company’s stock after acquiring an additional 107,566 shares during the quarter. Royce & Associates LP owned 0.08% of Luna Innovations worth $6,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Luna Innovations by 672.6% during the first quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 60,547 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Luna Innovations by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company’s stock worth $5,919,000 after acquiring an additional 16,773 shares during the period. Keeley Teton Advisors LLC purchased a new position in shares of Luna Innovations during the first quarter valued at approximately $64,000. Alpine Global Management LLC bought a new position in Luna Innovations during the first quarter valued at approximately $75,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Luna Innovations in the second quarter worth approximately $107,000. Institutional investors own 87.46% of the company’s stock.

Luna Innovations Stock Up 3.8 %

Luna Innovations stock opened at $1.63 on Monday. The company has a market cap of $55.35 million, a P/E ratio of -20.38 and a beta of 1.63. The business has a 50-day simple moving average of $1.88 and a two-hundred day simple moving average of $2.56. Luna Innovations Incorporated has a 52-week low of $1.43 and a 52-week high of $7.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Luna Innovations in a research note on Saturday. They set a “sell” rating for the company.

About Luna Innovations

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.