Herald Investment Management Ltd Has $7.41 Million Stock Holdings in nLight $LASR

Herald Investment Management Ltd trimmed its position in shares of nLight (NASDAQ:LASR) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 250,000 shares of the company’s stock after selling 10,000 shares during the quarter. nLight comprises about 1.0% of Herald Investment Management Ltd’s holdings, making the stock its 27th biggest position. Herald Investment Management Ltd’s holdings in nLight were worth $7,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. increased its position in nLight by 1,599.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,727 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of nLight in the 3rd quarter valued at approximately $49,000. Nisa Investment Advisors LLC increased its holdings in nLight by 162.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock worth $54,000 after buying an additional 1,700 shares during the last quarter. Militia Capital Partners LP bought a new position in nLight during the second quarter valued at approximately $71,000. Finally, Tower Research Capital LLC TRC lifted its stake in nLight by 213.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,764 shares of the company’s stock valued at $94,000 after acquiring an additional 3,246 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

nLight Trading Down 0.3%

Shares of NASDAQ:LASR opened at $52.28 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The stock’s 50-day moving average is $42.47 and its 200-day moving average is $34.18. The company has a market cap of $2.66 billion, a P/E ratio of -59.41 and a beta of 2.33. nLight has a 52-week low of $6.20 and a 52-week high of $55.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LASR shares. Zacks Research downgraded shares of nLight from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Cantor Fitzgerald raised their target price on nLight from $33.50 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC boosted their price target on nLight from $39.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group raised nLight to a “buy” rating in a report on Wednesday, December 17th. Finally, Wall Street Zen lowered nLight from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 31,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $37.51, for a total transaction of $1,190,867.48. Following the completion of the transaction, the chief executive officer directly owned 2,285,020 shares in the company, valued at $85,711,100.20. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Nias sold 1,200 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $30.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer directly owned 99,512 shares of the company’s stock, valued at $2,985,360. This represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 128,702 shares of company stock valued at $4,658,166 in the last three months. Company insiders own 4.70% of the company’s stock.

nLight Company 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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.