GSA Capital Partners LLP Purchases Shares of 61,460 Luna Innovations Incorporated (NASDAQ:LUNA)

GSA Capital Partners LLP acquired a new position in shares of Luna Innovations Incorporated (NASDAQ:LUNA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,460 shares of the scientific and technical instruments company’s stock, valued at approximately $144,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Luna Innovations by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company’s stock worth $5,919,000 after buying an additional 16,773 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Luna Innovations during the second quarter worth approximately $107,000. Point72 DIFC Ltd bought a new position in shares of Luna Innovations in the 2nd quarter worth $39,000. AQR Capital Management LLC acquired a new stake in Luna Innovations in the 2nd quarter valued at $37,000. Finally, Summit Securities Group LLC bought a new stake in Luna Innovations during the 2nd quarter valued at $45,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Luna Innovations in a report on Sunday. They set a “sell” rating on the stock.

Luna Innovations Stock Performance

Shares of LUNA opened at $1.88 on Tuesday. The stock has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $2.51. The firm has a market capitalization of $63.84 million, a P/E ratio of -23.50 and a beta of 1.63. Luna Innovations Incorporated has a 52 week low of $1.43 and a 52 week high of $7.92.

About Luna Innovations

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.