Nlight Inc (NASDAQ:LASR) insider Scott H. Keeney sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $23.76, for a total value of $106,920.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of NASDAQ:LASR traded down $0.21 during trading hours on Wednesday, hitting $24.27. 138,348 shares of the company’s stock traded hands, compared to its average volume of 447,694. Nlight Inc has a 1 year low of $16.25 and a 1 year high of $43.63. The firm has a market capitalization of $899.64 million and a PE ratio of 75.84.
Nlight (NASDAQ:LASR) last announced its earnings results on Wednesday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Nlight had a return on equity of 8.37% and a net margin of 7.28%. The business had revenue of $46.16 million during the quarter, compared to analyst estimates of $46.64 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Analysts expect that Nlight Inc will post 0.21 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in LASR. Quantamental Technologies LLC purchased a new position in shares of Nlight during the fourth quarter valued at approximately $34,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Nlight in the fourth quarter valued at approximately $38,000. Citigroup Inc. boosted its holdings in shares of Nlight by 34.0% in the fourth quarter. Citigroup Inc. now owns 2,563 shares of the company’s stock valued at $46,000 after purchasing an additional 650 shares during the period. Legal & General Group Plc boosted its holdings in shares of Nlight by 302.6% in the fourth quarter. Legal & General Group Plc now owns 4,119 shares of the company’s stock valued at $73,000 after purchasing an additional 3,096 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Nlight by 55.3% in the fourth quarter. Advisor Group Inc. now owns 4,578 shares of the company’s stock valued at $81,000 after purchasing an additional 1,631 shares during the period. Institutional investors and hedge funds own 75.76% of the company’s stock.
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Nlight Company Profile
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.
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