BNY Mellon Discloses 1.8M Share Stake in nLIGHT (NLIT)
Ticker: LASR · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1124796
| Field | Detail |
|---|---|
| Company | Nlight, INC. (LASR) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, sc-13g, shareholder-activity
TL;DR
**BNY Mellon just revealed a big stake in nLIGHT, signaling institutional confidence.**
AI Summary
The Bank of New York Mellon Corporation reported on December 31, 2023, that it beneficially owns 1,805,372 shares of nLIGHT, Inc. (NASDAQ: NLIT) Common Stock. This represents a significant institutional holding, indicating that a major financial institution sees value in nLIGHT. For investors, this matters because large institutional ownership can signal confidence in the company's future and potentially provide stability to the stock price.
Why It Matters
This filing shows a major financial institution, The Bank of New York Mellon Corporation, holds a substantial stake in nLIGHT, Inc., which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing indicates a large institutional holding, which generally reduces risk by showing professional investor interest.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institution sees value in nLIGHT, Inc., and might consider further research into the company's fundamentals.
Key Numbers
- 1,805,372 — Shares with Sole Voting Power (The number of nLIGHT, Inc. common shares The Bank of New York Mellon Corporation has direct control over.)
- 4 — Shares with Shared Voting Power (The number of nLIGHT, Inc. common shares The Bank of New York Mellon Corporation shares voting power over.)
Key Players & Entities
- The Bank of New York Mellon Corporation (company) — reporting person, beneficial owner of shares
- nLIGHT, Inc. (company) — issuer of the securities
- 1,805,372 (dollar_amount) — number of shares with sole voting power
- December 31, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- Institutional ownership of nLIGHT, Inc. will remain stable or increase in the near term. (nLIGHT, Inc.) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is The Bank of New York Mellon Corporation, identified by IRS Identification No. 13-2614959.
What is the name of the issuer whose securities are being reported?
The issuer is nLIGHT, Inc., with CUSIP Number 65487K100.
What was the date of the event that required this SC 13G filing?
The date of the event which required this filing was December 31, 2023.
How many shares of nLIGHT, Inc. Common Stock does The Bank of New York Mellon Corporation have sole voting power over?
The Bank of New York Mellon Corporation has sole voting power over 1,805,372 shares of nLIGHT, Inc. Common Stock.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 by December 31, 2023 regarding NLIGHT, INC. (LASR).