On September 30, 2024, the investment firm managed by Chuck Royce acquired an additional 227,580 shares of nLIGHT Inc. This transaction was executed at a price of $10.69 per share, reflecting a notable commitment to the laser technology company.
The purchase increased the firm's total holdings in nLIGHT to 2,733,476 shares. This expanded stake now represents 5.68% of the company's common stock, demonstrating a significant position in the company.
This strategic increase in ownership by a major investment firm signals a positive long-term view on nLIGHT's business trajectory and market potential. Such institutional backing can be a key indicator for other investors regarding the company's perceived value and future performance.
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