Matarin Capital Management LLC Takes $19.33 Million Position in Proto Labs Inc (PRLB)

Matarin Capital Management LLC acquired a new stake in Proto Labs Inc (NYSE:PRLB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 164,447 shares of the industrial products company’s stock, valued at approximately $19,331,000. Proto Labs comprises about 1.4% of Matarin Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Matarin Capital Management LLC owned about 0.61% of Proto Labs as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PRLB. Tower Research Capital LLC TRC raised its position in shares of Proto Labs by 73.9% in the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Proto Labs by 52.1% in the 4th 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 last quarter. SG Americas Securities LLC purchased a new position in shares of Proto Labs in the 1st quarter valued at approximately $188,000. Shelton Capital Management purchased a new position in shares of Proto Labs in the 4th quarter valued at approximately $225,000. Finally, LS Investment Advisors LLC raised its position in Proto Labs by 143.8% during the 4th quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock worth $238,000 after buying an additional 1,362 shares during the last quarter. 95.92% of the stock is owned by hedge funds and other institutional investors.

PRLB has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Thursday, February 15th. ValuEngine raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $98.33.

In other Proto Labs news, Director John B. Goodman sold 1,114 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $122.71, for a total transaction of $136,698.94. Following the completion of the transaction, the director now directly owns 11,091 shares of the company’s stock, valued at approximately $1,360,976.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Proto Labs opened at $119.60 on Wednesday, according to Marketbeat.com. Proto Labs Inc has a 12-month low of $62.60 and a 12-month high of $128.22. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 61.97, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Proto Labs had a net margin of 15.49% and a return on equity of 12.88%. The company had revenue of $107.70 million during the quarter, compared to analyst estimates of $103.88 million. During the same period last year, the firm posted $0.51 EPS. Proto Labs’s revenue for the quarter was up 34.3% compared to the same quarter last year. equities analysts predict that Proto Labs Inc will post 2.6 earnings per share for the current fiscal year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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