Raymond James & Associates Sells 62,134 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Raymond James & Associates decreased its holdings in nLIGHT, Inc. (NASDAQ:LASR) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,100 shares of the company’s stock after selling 62,134 shares during the period. Raymond James & Associates owned 0.23% of nLIGHT worth $1,459,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Quarry LP purchased a new position in nLIGHT during the first quarter valued at approximately $33,000. Tower Research Capital LLC TRC grew its position in nLIGHT by 401.0% during the first quarter. Tower Research Capital LLC TRC now owns 5,075 shares of the company’s stock worth $51,000 after buying an additional 4,062 shares in the last quarter. Lazard Asset Management LLC bought a new position in nLIGHT in the 2nd quarter worth about $86,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of nLIGHT by 91.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,732 shares of the company’s stock valued at $91,000 after acquiring an additional 4,174 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of nLIGHT during the 3rd quarter valued at about $116,000. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other nLIGHT news, CFO Joseph John Corso sold 14,105 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $12.26, for a total transaction of $172,927.30. Following the sale, the chief financial officer now owns 146,601 shares in the company, valued at $1,797,328.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by company insiders.

nLIGHT Trading Down 5.0 %

Shares of NASDAQ LASR opened at $10.69 on Friday. The business has a 50-day moving average of $12.80 and a 200-day moving average of $12.16. The firm has a market capitalization of $505.53 million, a price-to-earnings ratio of -11.88 and a beta of 2.43. nLIGHT, Inc. has a 12 month low of $8.13 and a 12 month high of $15.91.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.02. The business had revenue of $51.89 million during the quarter, compared to analysts’ expectations of $48.08 million. nLIGHT had a negative net margin of 19.85% and a negative return on equity of 15.03%. On average, analysts predict that nLIGHT, Inc. will post -0.93 earnings per share for the current year.

About nLIGHT

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.