Dynamic Technology Lab Private Ltd Takes $753,000 Position in Proto Labs, Inc. (NYSE:PRLB)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,652 shares of the industrial products company's stock, valued at approximately $753,000. Dynamic Technology Lab Private Ltd owned 0.10% of Proto Labs at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PRLB. Vanguard Group Inc. lifted its stake in Proto Labs by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,980,157 shares of the industrial products company's stock worth $106,541,000 after acquiring an additional 57,894 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Proto Labs by 12.5% in the second quarter. QRG Capital Management Inc. now owns 32,644 shares of the industrial products company's stock valued at $1,008,000 after buying an additional 3,624 shares during the last quarter. Diversified Trust Co raised its stake in Proto Labs by 9.2% in the second quarter. Diversified Trust Co now owns 8,431 shares of the industrial products company's stock valued at $260,000 after buying an additional 707 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Proto Labs during the 2nd quarter worth about $7,535,000. Finally, Bailard Inc. acquired a new position in shares of Proto Labs during the 2nd quarter worth about $405,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Proto Labs

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of the business's stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $28.68 per share, with a total value of $99,806.40. Following the purchase, the chief executive officer now owns 80,878 shares in the company, valued at approximately $2,319,581.04. This represents a 4.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Proto Labs Stock Performance

NYSE PRLB traded up $0.39 during trading on Friday, reaching $41.19. The company's stock had a trading volume of 135,110 shares, compared to its average volume of 201,713. Proto Labs, Inc. has a twelve month low of $25.75 and a twelve month high of $42.66. The business's fifty day moving average price is $32.51 and its 200-day moving average price is $31.43. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 43.82 and a beta of 1.32.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.15. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The company had revenue of $125.60 million during the quarter, compared to analysts' expectations of $121.38 million. During the same period last year, the firm earned $0.31 EPS. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Proto Labs, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PRLB shares. Needham & Company LLC reissued a "hold" rating on shares of Proto Labs in a research report on Friday, November 1st. StockNews.com cut shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Monday, August 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $40.00 price target on shares of Proto Labs in a research note on Monday, November 4th. Finally, Craig Hallum raised their price objective on Proto Labs from $30.00 to $36.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.33.

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.