GSA Capital Partners LLP Acquires New Shares in Proto Labs, Inc. (NYSE:PRLB)

GSA Capital Partners LLP 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 13F filing with the Securities and Exchange Commission. The fund acquired 17,852 shares of the industrial products company's stock, valued at approximately $524,000. GSA Capital Partners LLP owned about 0.07% of Proto Labs as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRLB. Assenagon Asset Management S.A. bought a new stake in shares of Proto Labs during the 2nd quarter valued at about $7,535,000. Dimensional Fund Advisors LP grew its holdings in shares of Proto Labs by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,110,566 shares of the industrial products company's stock valued at $34,305,000 after acquiring an additional 130,670 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Proto Labs by 32.3% during the second quarter. Renaissance Technologies LLC now owns 435,823 shares of the industrial products company's stock valued at $13,463,000 after purchasing an additional 106,423 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 period. Finally, Acadian Asset Management LLC purchased a new position in Proto Labs during the first quarter worth about $1,560,000. Institutional investors own 84.54% of the company's stock.

Proto Labs Price Performance

NYSE:PRLB traded up $2.24 during mid-day trading on Wednesday, reaching $39.25. 421,882 shares of the company's stock traded hands, compared to its average volume of 199,960. Proto Labs, Inc. has a 12-month low of $25.75 and a 12-month high of $41.87. The firm has a market capitalization of $962.02 million, a price-to-earnings ratio of 41.76 and a beta of 1.32. The company has a 50 day moving average price of $31.15 and a 200-day moving average price of $31.04.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $121.38 million. During the same quarter in the previous year, the business earned $0.31 EPS. Proto Labs's revenue was down 3.9% compared to the same quarter last year. As a group, analysts forecast that Proto Labs, Inc. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Proto Labs

In related news, CEO Robert Bodor purchased 3,480 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the purchase, the chief executive officer now directly owns 80,878 shares of the company's stock, valued at approximately $2,319,581.04. This represents a 4.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

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.