251,000 Shares in Finisar Co. (NASDAQ:FNSR) Purchased by NF Trinity Capital Hong Kong Ltd

NF Trinity Capital Hong Kong Ltd bought a new stake in Finisar Co. (NASDAQ:FNSR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 251,000 shares of the technology company’s stock, valued at approximately $5,108,000. NF Trinity Capital Hong Kong Ltd owned 0.22% of Finisar as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Finisar by 103.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock worth $127,000 after acquiring an additional 2,912 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Finisar by 43.9% during the second quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,805 shares in the last quarter. Cheyne Capital Management UK LLP acquired a new position in shares of Finisar during the third quarter worth $155,000. Cubist Systematic Strategies LLC grew its stake in shares of Finisar by 598.3% during the third quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock worth $155,000 after purchasing an additional 6,001 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of Finisar during the fourth quarter worth $158,000. 88.49% of the stock is currently owned by institutional investors.

In related news, EVP John H. Clark sold 6,186 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $24.90, for a total transaction of $154,031.40. Following the sale, the executive vice president now owns 146,053 shares in the company, valued at $3,636,719.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roger C. Ferguson sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $21.68, for a total transaction of $65,040.00. Following the sale, the director now owns 41,034 shares in the company, valued at approximately $889,617.12. The disclosure for this sale can be found here. Insiders sold 62,578 shares of company stock worth $1,273,865 over the last quarter. Company insiders own 1.02% of the company’s stock.

A number of equities analysts recently commented on FNSR shares. Jefferies Group began coverage on shares of Finisar in a research note on Wednesday, November 1st. They issued a “buy” rating and a $28.50 price objective for the company. TheStreet downgraded shares of Finisar from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Goldman Sachs Group downgraded shares of Finisar from a “buy” rating to a “neutral” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Finisar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, B. Riley downgraded shares of Finisar from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $22.00 in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Finisar presently has an average rating of “Hold” and a consensus target price of $27.27.

Finisar Co. (NASDAQ FNSR) traded up $0.05 during midday trading on Wednesday, reaching $17.64. 1,321,900 shares of the company traded hands, compared to its average volume of 3,059,582. Finisar Co. has a 52-week low of $16.64 and a 52-week high of $35.96. The company has a quick ratio of 6.31, a current ratio of 7.81 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2,060.00, a PE ratio of 10.33, a P/E/G ratio of 1.90 and a beta of 1.07.

Finisar (NASDAQ:FNSR) last released its quarterly earnings results on Thursday, December 7th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $332.21 million for the quarter, compared to analyst estimates of $331.69 million. Finisar had a net margin of 14.33% and a return on equity of 9.51%. equities research analysts predict that Finisar Co. will post 0.66 earnings per share for the current year.

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Finisar Profile

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

Institutional Ownership by Quarter for Finisar (NASDAQ:FNSR)

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