nLIGHT, Inc. (NASDAQ:LASR) Stock Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 63.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 104,661 shares of the company’s stock after acquiring an additional 40,564 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in nLIGHT were worth $1,119,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC grew its position in nLIGHT by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 3,500 shares in the last quarter. International Assets Investment Management LLC grew its position in nLIGHT by 969.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock valued at $114,000 after buying an additional 9,690 shares in the last quarter. Creative Planning bought a new position in nLIGHT in the 3rd quarter valued at about $136,000. Price T Rowe Associates Inc. MD grew its position in nLIGHT by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after buying an additional 1,886 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in nLIGHT by 9.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company’s stock valued at $181,000 after buying an additional 1,220 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.

nLIGHT Trading Down 1.1 %

NASDAQ:LASR opened at $10.73 on Thursday. nLIGHT, Inc. has a twelve month low of $9.80 and a twelve month high of $15.00. The company has a 50-day moving average of $11.25 and a 200-day moving average of $11.60. The firm has a market cap of $519.64 million, a price-to-earnings ratio of -10.42 and a beta of 2.33.

Insider Buying and Selling at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $11.11, for a total transaction of $166,650.00. Following the completion of the sale, the chief executive officer now directly owns 1,347,781 shares of the company’s stock, valued at approximately $14,973,846.91. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph John Corso sold 4,461 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now directly owns 171,434 shares of the company’s stock, valued at $1,961,204.96. This represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,461 shares of company stock valued at $746,884. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a research report on Friday, August 2nd. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price objective for the company. Finally, Needham & Company LLC raised their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

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.