Grandeur Peak Global Advisors LLC cut its stake in Proto Labs Inc (NYSE:PRLB) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,375 shares of the industrial products company’s stock after selling 9,600 shares during the period. Grandeur Peak Global Advisors LLC owned about 0.10% of Proto Labs worth $2,820,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Capital Management Inc. increased its stake in Proto Labs by 0.4% in the fourth quarter. American Capital Management Inc. now owns 134,634 shares of the industrial products company’s stock valued at $13,867,000 after purchasing an additional 470 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Proto Labs by 52.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 471 shares during the period. Tower Research Capital LLC TRC increased its stake in Proto Labs by 73.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 544 shares during the period. Hanseatic Management Services Inc. increased its stake in Proto Labs by 18.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,587 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 555 shares during the period. Finally, Stifel Financial Corp increased its stake in Proto Labs by 3.7% in the third quarter. Stifel Financial Corp now owns 17,011 shares of the industrial products company’s stock valued at $1,363,000 after purchasing an additional 612 shares during the period. 98.20% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Robert Bodor sold 1,891 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $106.00, for a total transaction of $200,446.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rainer Gawlick sold 500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $102.75, for a total transaction of $51,375.00. Following the transaction, the director now owns 10,925 shares in the company, valued at $1,122,543.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,220 shares of company stock worth $678,455. Company insiders own 7.78% of the company’s stock.
Proto Labs Inc (NYSE:PRLB) opened at $121.65 on Friday. Proto Labs Inc has a one year low of $48.00 and a one year high of $126.95. The stock has a market cap of $3,366.68, a PE ratio of 64.85, a PEG ratio of 2.56 and a beta of 1.04.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. Proto Labs had a net margin of 15.03% and a return on equity of 12.22%. The business had revenue of $94.18 million for the quarter, compared to analyst estimates of $92.20 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. research analysts expect that Proto Labs Inc will post 2.53 EPS for the current fiscal year.
A number of research analysts have commented on PRLB shares. Zacks Investment Research lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the company a “hold” rating in a research note on Monday, November 27th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.00.
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About Proto Labs
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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