Jackson Creek Investment Advisors LLC acquired a new stake in Proto Labs, Inc. (NYSE:PRLB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,405 shares of the industrial products company’s stock, valued at approximately $425,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Leonteq Securities AG acquired a new position in shares of Proto Labs in the 4th quarter valued at about $253,000. Argos Wealth Advisors LLC acquired a new position in shares of Proto Labs in the 4th quarter valued at about $413,000. Versor Investments LP lifted its stake in shares of Proto Labs by 52.1% in the 4th quarter. Versor Investments LP now owns 14,599 shares of the industrial products company’s stock valued at $739,000 after purchasing an additional 4,999 shares during the period. Horizon Investments LLC lifted its stake in shares of Proto Labs by 3.4% in the 4th quarter. Horizon Investments LLC now owns 11,886 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 395 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Proto Labs in the 4th quarter valued at about $46,000. 84.54% of the stock is owned by institutional investors and hedge funds.
Proto Labs Price Performance
Shares of Proto Labs stock opened at $74.75 on Friday. Proto Labs, Inc. has a one year low of $36.15 and a one year high of $75.57. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 70.52 and a beta of 1.36. The business has a 50-day simple moving average of $64.31 and a 200 day simple moving average of $58.34.
Analyst Ratings Changes
A number of research analysts have recently issued reports on PRLB shares. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings raised Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.33.
Read Our Latest Research Report on Proto Labs
Insider Buying and Selling
In related news, insider Michael R. Kenison sold 16,030 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total value of $1,113,924.70. Following the completion of the sale, the insider directly owned 18,683 shares of the company’s stock, valued at $1,298,281.67. The trade was a 46.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 23,663 shares of company stock valued at $1,650,167. Insiders own 1.30% of the company’s stock.
About Proto Labs
Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.
Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.
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