Slow Capital Inc. purchased a new stake in shares of Proto Labs Inc (NYSE:PRLB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,577 shares of the industrial products company’s stock, valued at approximately $677,000.
Several other hedge funds have also made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Proto Labs in the 4th quarter worth approximately $1,139,000. All Terrain Financial Advisors LLC purchased a new stake in Proto Labs in the 4th quarter worth approximately $2,441,000. Zeke Capital Advisors LLC lifted its stake in Proto Labs by 17.6% in the 4th quarter. Zeke Capital Advisors LLC now owns 5,416 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 811 shares in the last quarter. Millennium Management LLC purchased a new stake in Proto Labs in the 4th quarter worth approximately $552,000. Finally, Hanseatic Management Services Inc. lifted its stake in Proto Labs by 18.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,587 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 98.20% of the company’s stock.
Shares of Proto Labs stock opened at $125.15 on Thursday. The firm has a market cap of $3,386.86, a price-to-earnings ratio of 64.84, a PEG ratio of 2.57 and a beta of 1.04. Proto Labs Inc has a 52-week low of $48.00 and a 52-week high of $126.95.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The firm had revenue of $94.18 million for the quarter, compared to analysts’ expectations of $92.20 million. Proto Labs had a net margin of 15.03% and a return on equity of 12.22%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. analysts forecast that Proto Labs Inc will post 2.53 earnings per share for the current year.
In related news, Director Rainer Gawlick sold 500 shares of the stock in a transaction on Tuesday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $1,122,543.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Goodman sold 2,715 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.79, for a total transaction of $289,934.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,220 shares of company stock worth $678,455. Corporate insiders own 7.78% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $84.00 target price on shares of Proto Labs in a research note on Thursday, December 14th. Finally, Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a research note on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $85.00.
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Proto Labs Profile
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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