Bailard Inc. Purchases New Shares in Proto Labs, Inc. (NYSE:PRLB)

Bailard Inc. purchased a new stake in Proto Labs, Inc. (NYSE:PRLB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,800 shares of the industrial products company’s stock, valued at approximately $577,000. Bailard Inc. owned 0.06% of Proto Labs at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PRLB. S Squared Technology LLC boosted its stake in Proto Labs by 177.3% in the 3rd quarter. S Squared Technology LLC now owns 251,803 shares of the industrial products company’s stock valued at $6,648,000 after purchasing an additional 161,008 shares during the period. Brandywine Global Investment Management LLC bought a new stake in Proto Labs in the 3rd quarter valued at $2,090,000. Trexquant Investment LP bought a new stake in Proto Labs in the 3rd quarter valued at $1,227,000. GSA Capital Partners LLP bought a new stake in Proto Labs in the 3rd quarter valued at $1,130,000. Finally, FMR LLC boosted its stake in Proto Labs by 21.1% in the 3rd quarter. FMR LLC now owns 234,765 shares of the industrial products company’s stock valued at $6,198,000 after purchasing an additional 40,903 shares during the period. 84.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.

Proto Labs Price Performance

Shares of NYSE PRLB opened at $31.37 on Friday. The stock has a market capitalization of $801.82 million, a PE ratio of 46.82 and a beta of 1.34. The business has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $34.46. Proto Labs, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $41.87.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $125.10 million during the quarter, compared to analyst estimates of $122.81 million. Proto Labs had a net margin of 3.42% and a return on equity of 2.51%. Proto Labs’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.24) earnings per share. On average, equities analysts expect that Proto Labs, Inc. will post 0.94 EPS for the current year.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.